A Company Issued 500 Shares of $3 Par Common Stock

question 88

Multiple Choice

A company issued 500 shares of $3 par common stock in exchange for a piece of equipment with a current market value of $20,000.Which of the following is the correct journal entry for this transaction?

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Definitions:

Oral Presentation

A spoken presentation intended to inform, persuade, or entertain an audience, often accompanied by visual aids.

Main Idea

The central or most important concept, point, or message that an author or speaker wants to convey in a text or conversation.

Main Idea

The central concept or principal message that a writer or speaker intends to communicate in a text or discourse.

Limiting Scope

The process of defining the boundaries or extent of a project, study, or investigation to ensure focus and manageability.