Kristine Parsons Owns 2,000 Shares of $1

question 48

Multiple Choice

Kristine Parsons owns 2,000 shares of $1.00 par value capital stock of Garments 4 You.Kristine sold 100 of these shares to Beverly Plito for $200.The effect of this transaction on the accounts of Garments 4 You would be to

• A)increase the capital stock account by $1,800 and increase the cash account by $1,800.
• B)increase the capital stock account by $200,increase the paid-in capital in excess of par account by $2,000,and increase the cash account by $1,800.
• C)decrease the capital stock account by $1,800 and increase the paid-in capital in excess of par account by $1,800.
• D)increase the capital stock account by $1,800 and decrease the paid-in capital in excess of par account by $1,800.
• E)There is no effect from this transaction on the accounts of Garments 4 You.

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Definitions:

Compounds

Chemical entities that result from the chemical combination of two or more elements, identifiable by their specific chemical structures and properties.

Stretching Frequency

In vibrational spectroscopy, it refers to the frequency at which a bond between atoms oscillates, indicative of the strength and type of the bond.

C-H Bond

A chemical bond between a carbon and hydrogen atom, foundational in organic chemistry and present in all organic molecules.

C-D Bond

A chemical bond between a carbon atom and a deuterium atom, an isotope of hydrogen.