If Tools Corporation Issues 5,000 Common Shares for $200,000, Which

question 32

Multiple Choice

If Tools Corporation issues 5,000 common shares for $200,000, which account will be credited?

• A) Common Shares
• B) Retained Earnings
• C) Contributed Capital
• D) Cash

---

Definitions:

Planning Phase

The initial stage in a project or process where goals are set, strategies are developed, and tasks are outlined.

Marketing Program

A strategic plan that combines all marketing goals and objectives into one comprehensive plan, utilizing various advertising and promotional activities.

Target Markets

Specific groups of potential customers at whom a company aims its products or services.

Industry Trends

The general direction in which a specific industry’s market, technology, and competitive practices are moving.