When a Corporation Sells 10,000 Shares of $10 Par Value

question 41

True/False

When a corporation sells 10,000 shares of $10 par value common stock for $120,000, the Common stock account is credited for $100,000.

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Definitions:

Conditioned Forgetting

A phenomenon where memory is lost or altered due to the introduction of specific conditions or stimuli, often involving the suppression of unwanted memories.

Suppression

The conscious effort to stop thinking about certain thoughts or feelings.

Inhibition

A psychological or physiological process that reduces or suppresses the response to stimuli.

Spontaneous Recovery

A conditioned response that had been extinguished reoccurs after there has been a time without exposure to the conditioned stimulus.