Hawkeye Corporation Issues 100 Shares of No- Par Value Common

question 21

Multiple Choice

Hawkeye Corporation issues 100 shares of no- par value common stock for $20 per share. This transaction will include a credit to Common Stock for:

• A)$1,000 and a Gain on Issue of Common Stock for $1,000.
• B)$2,000.
• C)$1,000 and a credit to Retained Earnings for $1,000.
• D)$1,000 and a credit to Paid- in Capital for $1,000.

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Definitions:

Anemia

A condition in which there is a deficiency of red cells or of hemoglobin in the blood, resulting in pallor and weariness.

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body.

Electrolyte imbalance

A condition where the levels of electrolytes (minerals such as potassium, sodium, and calcium) in the body are either too high or too low, affecting bodily functions.

Leukemia

A medical condition in which bone marrow produces a large number of white blood cells that are not normal.