If Visser Inc

question 41

Multiple Choice

If Visser Inc. issues 1,000 common shares for $5 per share,

• A) Common Shares will be credited for $5,000.
• B) Gain on Sale of Shares will be credited for $5,000.
• C) Retained Earnings will be credited for $5,000.
• D) The transaction will be recorded only in a note to the financial statements.

---

Definitions:

Excretory Organ

Organs involved in the removal of waste products and excess substances from the body, including kidneys, liver, lungs, and skin.

Glomerular Endothelium

The inner lining of the glomerulus in the kidney, involved in the filtration of blood to form urine.

Filtration Membrane

A barrier that separates particles based on size, allowing some to pass while blocking others, specifically in the context of biological systems like the kidneys.

Podocytes

Specialized cells in the kidneys that wrap around capillaries of the glomerulus, playing a key role in the filtration of blood to form urine.