Olsson Corporation Received a Check from Its Underwriters for $72

question 112

Multiple Choice

Olsson Corporation received a check from its underwriters for $72 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $72 per share. Which is the correct entry to record the issue of the stock?

---

Definitions:

Menstrual Cycle

The regular natural change that occurs in the female reproductive system, making pregnancy possible.

Ovulation

The phase of a female's menstrual cycle in which an egg is released from the ovary, making it available for fertilization.

Proliferative Phase

A stage in the menstrual cycle following menstruation where the lining of the uterus (endometrium) thickens in preparation for a possible pregnancy.

Endometrial Cycle

The series of changes the endometrium (lining of the uterus) goes through during a menstrual cycle, preparing for potential pregnancy.