A Company Issues 55,000 Shares of Its $5 Par Common

question 30

Multiple Choice

A company issues 55,000 shares of its $5 par common stock for $20 per share. The amount to be debited to Cash is:

• A)$275,000.
• B)$825,000.
• C)$1,375,000.
• D)$1,100,000.

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Definitions:

Epidemiology

The study of disease patterns to understand the cause of illnesses, how they are spread, and what interventions to take.

Epidemiologists

Professionals who analyze the spread, control, and prevention of diseases within populations.

Analyze Data

The process of inspecting, cleaning, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Spread

The act or process of extending, widening, or distributing something over a wider area or among a large number of people.