A Corporation Issued 100 Shares of Its $5 Par Value

question 46

Multiple Choice

A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

• A) A $1,800 credit to Common Stock.
• B) A $1,800 debit to Legal Expenses.
• C) A $1,800 credit to Cash.
• D) A $1,300 credit to Paid-in Capital in Excess of Par Value, Common Stock.
• E) A $300 debit to Organization Expenses.

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Definitions:

Sexual Partners

Individuals with whom one has a sexual relationship or sexual contacts.

STIs

Sexually Transmitted Infections; diseases that are primarily spread through sexual contact.

Unwanted Pregnancy

A pregnancy that occurs when it is not desired by one or both of the potential parents.

Sexual Assessment

The process of evaluating an individual's sexual health, behavior, function, and concerns, often completed by healthcare providers to address and manage sexual issues.