Laurie Dexter Starts a Business Called Camden Cleaning

question 224

Multiple Choice

Laurie Dexter starts a business called Camden Cleaning.Dexter invests $10,000 cash in Camden in exchange for its common stock.How would Camden record this transaction?

• A)Debit Cash for $10,000 and credit Cleaning Revenue for $10,000.
• B)Credit Cash for $10,000 and credit Cleaning Revenue for $10,000.
• C)Debit Cash for $10,000 and credit Common Stock for $10,000.
• D)Debit Cash for $10,000 and debit Common Stock for $10,000.
• E)Debit Common Stock for $10,000 and credit Cash for $10,000.

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Definitions:

Carb Count

A dietary technique focusing on counting carbohydrate grams consumed to manage blood sugar levels, particularly in diabetes management.

Theory-Informed

Approaches or methods that are developed based on underlying theories or principles.

Theory-Based Intervention

An approach to health promotion or treatment that draws upon specific theories or models to understand behavior and guide the development of interventions.

Focus Groups

A qualitative research method involving guided discussions with a small group of people to gather opinions on a specific topic or product.