A Stockholder's Investment of Land and a Building into the Business

question 65

Multiple Choice

A stockholder's investment of land and a building into the business would include a debit to:

• A)Land and Building and a credit to Common Stock.
• B)Land and a credit to Building.
• C)Common Stock and a credit to Building.
• D)Building and a credit to Retained Earnings.

---

Definitions:

Paid Vacation

A work benefit that allows employees to take time off from their job with continued salary payment.

Pay Bonus

An additional financial reward given to employees on top of their regular salary, often based on performance.

Inductive Sequence

A methodological approach in reasoning or presentation that moves from specific observations or instances to a generalized conclusion or theory.

Deductive Sequence

A logical structure in communication where the conclusion is presented first, followed by supporting evidence.