If a Corporation Issues 4,000 Shares of $1 Par Value

question 34

Multiple Choice

If a corporation issues 4,000 shares of $1 par value common stock for $8,000,the journal entry would include a credit to:

• A)Common Stock for $8,000.
• B)Paid-in Capital in Excess of Par-Common for $8,000.
• C)Common Stock for $4,000.
• D)Retained Earnings for $4,000.

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Definitions:

Frequency Distribution

A statistical representation showing how often various outcomes occur within a set of data, often displayed as a table or graph.

Data Set

A collection of related data points that are treated as a single unit for processing and analysis.

Frequency Distribution

a statistical representation showing the number of observations within a given interval.

Data Set

A collection of related data points or items, often used for analysis or to make decisions.