Falcon Crest Corporation Issues 100 Shares of No- Par Common

question 101

Multiple Choice

Falcon Crest Corporation issues 100 shares of no- par common stock for $10 per share. The stock has a stated value of $1 per share. This transaction will include a credit to Common Stock for:

• A)$100 and a credit to Retained Earnings for $900.
• B)$100 and a credit to Paid- in Capital for $900.
• C)$100 and a Gain on Issue of Common Stock for $900.
• D)$1,000.

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Definitions:

Informant Reports

Data collected from individuals who provide information about someone else's behavior, characteristics, or symptoms.

Self-report

A method in research where participants provide information about themselves, typically through questionnaires or interviews.

Positively Correlated

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Negatively Correlated

Negatively correlated refers to a relationship between two variables in which one variable increases as the other decreases, indicating an inverse association.