A Company Issues One Hundred Shares of No- Par Common

question 96

Multiple Choice

A company issues one hundred shares of no- par common stock with a $10 stated value for $17 per share. The entry to record this issuance includes a:

• A)credit to Common Stock for $1,700.
• B)debit to Paid- in Capital in Excess of Stated Value-Common for $1,000.
• C)credit to Common Stock for $700.
• D)credit to Paid- in Capital in Excess of Stated Value-Common for $700.

---

Definitions:

Experimental Method

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Independent Variable

The variable in an experiment that is manipulated to observe its effect on a dependent variable.

Positive Correlation Coefficient

A statistical measure indicating that as one variable increases, the other variable tends to increase as well.

Covary

Refers to the phenomenon where two variables change in relation to each other, often used in statistical analysis to understand correlations.