When No-Par Common Stock Without a Stated Value Is Issued

question 48

True/False

When no-par common stock without a stated value is issued for cash,the Common Stock account is credited for an amount equal to the cash proceeds.

---

Definitions:

Hyaline Cartilage Plates

Thin layers of smooth, translucent cartilage found in various parts of the body, such as the nose, trachea, and at the ends of long bones, where they facilitate bone growth.

Pseudostratified Epithelium

A type of epithelial tissue that appears to be stratified but is actually a single layer of cells with varying nuclei heights, found in the respiratory tract.

Smooth Muscle

A type of muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels, which contracts involuntarily.