Which of the Following Journal Entries Is Correct When a Business

question 18

Multiple Choice

Which of the following journal entries is correct when a business entity issues stock to stockholders in exchange for cash?

• A) Cash
• \( \quad \) Retained Earnings
• B) Cash
• \( \quad \)Contributed Capital
• C) Cash
• \( \quad \)Accounts Payable
• D) Contributed Capital
• \( \quad \) \( \quad \)Cash

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Definitions:

Human Issues

Concerns or problems related to human factors, such as ergonomics, human error, and workforce management.

Systems Development

The process of creating and implementing a new system, including both software and hardware components, to meet specific business or user requirements.

System Design

The process of defining the architecture, components, modules, interfaces, and data for a system to satisfy specified requirements.

Technical Specifications

Detailed information and criteria about the technical aspects that a product or project must meet.