Dallkin Corporation Issued 5,000 Shares of Common Stock on January

question 70

Multiple Choice

Dallkin Corporation issued 5,000 shares of common stock on January 1, 2013. The stock has no par value and was sold at $18 per share. The journal entry for this transaction would:

• A) debit Cash $90,000 and credit Common stock $90,000.
• B) debit Cash $90,000 and credit Paid-in capital $600,000.
• C) credit Cash $90,000 and debit Common stock $90,000.
• D) credit Cash $90,000, debit Paid-in capital $5,000, and debit Common stock $85,000.

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Definitions:

Do Stage

Represents a phase in project management or process improvement where planned actions or strategies are executed to test their effectiveness or to implement solutions.

Action

In marketing, refers to the desired behavior or response a marketer wants from the audience, such as making a purchase or signing up for a newsletter.

Lagged Effect

A delayed response to a marketing or advertising campaign, where the impact on consumer behavior or sales becomes apparent after a period of time.

IMC Strategy

An approach to market communication that integrates and coordinates various promotional tools and channels to deliver a clear, consistent, and compelling message about an organization and its products.