Suppose 100 Common Shares Are Issued for $12

question 95

Multiple Choice

Suppose 100 common shares are issued for $12.50 per share.The entry to record this issuance includes a:

• A) credit to Retained Earnings for $1,250
• B) credit to Common shares for $1,250
• C) credit to Contributed Surplus for $250
• D) debit to Preferred Shares for $1,000

---

Definitions:

Callous

Exhibiting or having an insensitive and cruel disregard for others.

Unconcerned

Not worried, interested, or engaged; indifferent.

Evolutionary Perspective

A theoretical approach that explains human behavior and mental processes through the lens of adaptation and natural selection.

Prosocial Behaviour

Refers to voluntary actions intended to help or benefit another individual or group of individuals without expecting reward.