The Journal Entry to Record the Issuance of Nopar Common

question 76

Multiple Choice

The journal entry to record the issuance of nopar common stock could include all of the following except a:

• A)debit to Cash
• B)debit to Equipment
• C)credit to Common Stock
• D)credit to Paid-in-Capital in Excess of Par--Common Stock

---

Definitions:

Professional Association

An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Horizontal Merger Guidelines

Guidelines issued by the U.S. Federal Trade Commission and the Department of Justice that evaluate the potential anti-competitive effects of horizontal mergers.

Herfindahl-Hirschman Index

An economic measure used to evaluate the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and summing the resulting numbers.

National Cooperative Research Act

A U.S. federal law enacted in 1984 to promote innovation and competitiveness by offering certain antitrust protections to companies engaged in joint research and development efforts.