MsJessica Duffy Purchased 1 Share of $10 Par Value Common

question 249

Multiple Choice

Ms.Jessica Duffy purchased 1 share of $10 par value common stock from Ohio Corporation for $50 per share.Ms.Duffy sold that share to Mike Truesdale for $60 per share.As a result of the sale by Duffy to Truesdale sale,Ohio Corporation would:

• A)debit Cash and credit Additional Paid-in Capital for $10.
• B)debit Cash and credit Common Stock for $10.
• C)debit Common Stock and credit Additional Paid-in Capital for $10.
• D)not debit or credit any of its accounts.

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Definitions:

Personality Stability

The consistency of an individual's personality traits and behaviors over time and across situations.

Socioeconomic Status

A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Systematic Changes

Planned or intentional modifications put into place to achieve specific outcomes or improvements.

Adolescence Growth Spurt

A rapid period of growth in height and weight that occurs during puberty.