A Company Issues 25,000 Shares of Its $25 Par Common

question 158

True/False

A company issues 25,000 shares of its $25 par common stock for $27 per share. The entry to record this will include a debit to Cash for $675,000.

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Definitions:

Rational

Based on logic or reason; characterized by the ability to think clearly, logically, and analytically.

Charisma

Provides vision and a sense of mission, and it instills pride along with follower respect and trust.

Cultural Tradition

The inherited and shared ways of living, which include beliefs, practices, and artifacts, carried from one generation to the next.

Continuous-process Technology

A production method characterized by a constant and non-interrupted manufacturing process.