Vegas Finance Company Reported the Following: Common Stock, $10 Par

question 32

Multiple Choice

Vegas Finance Company reported the following: Common stock, $10 par, 100,000 shares authorized, 80,000 shares issued and outstanding
What is the effect of issuing 1,000 shares of common stock at $15 per share?

• A) Cash increases $10,000.
• B) Common Stock increases $15,000.
• C) Additional Paid-in Capital increases $5,000.
• D) Retained Earnings increases $5,000.

Analyze the effectiveness of teaching specific cognitive skills versus teaching for general mental ability improvement.

Identify different types of tests (achievement, aptitude) and their focuses.

Understand the concept and calculation of float in financial management.

Recognize the different types of float and their impact on a company's cash management.

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