On June 1 B

question 73

Multiple Choice

On June 1 B.Penelope Company issues 5000 shares of $5 par value common stock for $210000.Use the following tabular analysis to record the receipt of cash and issuance of shares:

• A)Increase Cash $210000 increase Common Stock $185000 and increase Paid-in-Capital in Excess of Par $25000.
• B)Increase Cash $210000 increase Common Stock $25000 and increase Stock Revenue $185000.
• C)Increase Cash $210000 and increase Sales Revenue $210000
• D)Increase Cash $210000 increase Common Stock $25000 and increase Paid-in-Capital in Excess of Par $185000.

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Definitions:

Defensive Responses

Behaviors or emotional reactions aimed at protecting oneself from perceived threats or criticism.

Anxiety-Buffer

The idea that self-esteem allows people to face threats with their anxiety minimized.

Personality Feedback

The process through which individuals receive and interpret information about their personality traits or behaviors from external sources, impacting self-perception.

Disturbingly Graphic

Descriptive of content or imagery that is shockingly vivid and explicit, often causing distress or discomfort to the viewer or reader.