A Company Issues 50,000 Shares of Its $8 Par Common

question 14

Multiple Choice

A company issues 50,000 shares of its $8 par common stock for $15 per share.The amount to be debited to Cash is:

• A)$50,000.
• B)$400,000.
• C)$350,000.
• D)$750,000.

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Definitions:

Conduct Disorder

A mental health disorder diagnosed in childhood or adolescence characterized by a persistent pattern of behavior that violates societal norms and the rights of others.

Overt-destructive

Refers to behaviour that is openly aggressive and destructive.

Overt-nondestructive

Behaviors or actions that are openly displayed or expressed but are not harmful or intended to cause damage.

Covert-destructive

Behavior that is secretly harmful or damaging, especially pertaining to actions that are not openly acknowledged or displayed.