Evergreen Building, Inc

question 91

Multiple Choice

Evergreen Building, Inc. issued 2,000 shares of $14 par common stock in exchange for a truck with a current market value of $45,000. Which of the following is NOT part of the journal entry for this transaction?

• A)Debiting equipment for $45,000
• B)Crediting Common Stock for $45,000
• C)Crediting Common Stock for $28,000
• D)Crediting paid-in capital in excess of par-common for $17,000

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Definitions:

Experience

Refers to the knowledge or skill that one gains over time through involvement in or exposure to activities.

Frontal Lobes

This region of the brain, situated at the forefront of each cerebral hemisphere, is accountable for voluntary movements, the production of speech, and the oversight of advanced executive tasks.

Temporal Lobes

Regions of the brain located on either side of the head above the ears, involved in processing auditory information and encoding memory.

Occipital Lobes

The portion of the cerebral cortex lying at the back of the head; includes areas that receive information from the visual fields.