When a Corporation Sells Some of Its Own Common Shares

question 140

Multiple Choice

When a corporation sells some of its own common shares, all on credit, there should be a debit to the account:

• A)Notes receivable, common.
• B)Accounts receivable.
• C)Cash.
• D)Subscriptions receivable, common.

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Definitions:

Core Management Group

The central team of decision-makers in an organization responsible for setting strategy, making critical operational decisions, and leading the organization towards its goals.

Authorization Card

A document that indicates an employee's willingness to be represented by a labor union in negotiations with their employer.

Representation Election

A voting process by which employees decide whether or not they wish to be represented by a labor union.

Organizing Campaign

Efforts aimed at rallying employees, typically for unionization or collective bargaining purposes.