Use This Information to Answer the Following Question

question 74

Multiple Choice

Use this information to answer the following question. Hernandez Corporation has 60,000 shares of $20 par value common stock outstanding.The following transactions occurred during the year:
The entry to record the transaction of March 30 would be:

• A) Common Stock Distributable 120,000 Common Stock 120,000
• B) Common Stock Distributable 120,000 Retained Earnings 36,000 Common Stock 156,000
• C) Common Stock Distributable 156,000 Common Stock 120,000 Additional Paid-in Capital 36,000
• D) Common Stock Distributable 120,000 Cash 120,000

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Definitions:

CVA (Stroke)

A medical condition characterized by rapid loss of brain function due to a disturbance in the blood supply to the brain, known as cerebral vascular accident.

Normal Saline Irrigation

A medical procedure involving the flushing of body tissues with a solution of sodium chloride to clean wounds or clear nasal passages.

Draining Wound

A wound that produces fluid or pus, often indicating infection or the process of cleaning and healing.

Fluid Balance

The equilibrium maintained between fluid intake and fluid loss in the body to ensure proper physiological functioning.