A Company Issued 700 Shares of $2 Par Common Stock

question 78

Multiple Choice

A company issued 700 shares of $2 par common stock in exchange for a piece of equipment with a current market value of $24,000. Which of the following is the correct journal entry for this transaction?

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Definitions:

Immature Visual Systems

A developmental phase where the visual apparatus of infants is not yet fully developed, affecting their ability to see clearly and process visual information completely.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Dishabituation

A renewal of response to a stimulus following a period of habituation, often due to the introduction of a novel stimulus.

Primary Circular Reaction

In Piaget’s theory, repeating an action that produced a chance event involving the infant’s body.