The Entry to Record Selling 400 Shares of $28 Stated

question 160

Multiple Choice

The entry to record selling 400 shares of $28 stated value common stock for $44 per share would include:

• A)debiting Common Stock for $17,600.
• B)crediting Cash for $17,600.
• C)crediting Paid-in Capital in Excess of Stated Value for $6,400.
• D)debiting Paid-in Capital in Excess of Stated Value for $6,400.

Recognize the importance of customer experience in the supply chain, including product availability and order visibility.

Understand the concept of time to market and its significance in product development and distribution.

Differentiate between inbound and outbound transportation costs and their impact on supply chain efficiency.

Comprehend the role and impact of technology in enhancing supply chain visibility and tracking.

---

Definitions:

Surplus

An excess of supply over demand in a market, typically leading to lower prices.

Price Floor

A government or group-imposed price control that sets the minimum allowed price for a particular good or service, intended to ensure fair conditions for producers.

Market Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Surplus

Surplus is a condition where the quantity supplied of a product exceeds the quantity demanded at a specific price, often leading to decreases in price.