If Norben Company Issues 6000 Shares of $5 Par Value

question 152

Multiple Choice

If Norben Company issues 6000 shares of $5 par value common stock for $210000

• A)Common Stock will be increased for $210000.
• B)Paid-in Capital in Excess of Par Value will be increased for $30000.
• C)Paid-in Capital in Excess of Par Value will be increased for $180000.
• D)Cash will be increased for $180000.

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Definitions:

Uncertainty

The state of having limited knowledge about an existing situation, making it difficult to predict outcomes accurately.

Quick Response

A strategy that focuses on reducing lead times across various stages of the supply chain to meet customer demand rapidly.

Supply Chain

The interconnected sequence of processes involved in the production and distribution of a commodity, from raw materials to end-user delivery.

Distributor

An intermediary entity between the producer of a product and another entity in the distribution channel or supply chain, such as a retailer or end consumer.