If a Corporation Issues 5,000 Shares of $5 Par Value

question 1

Multiple Choice

If a corporation issues 5,000 shares of $5 par value common stock for $95,000,the journal entry would include a credit to:

• A)Common Stock for $95,000.
• B)Paid-in Capital in Excess of Par-Common for $95,000.
• C)Common Stock for $70,000.
• D)Paid-in Capital in Excess of Par-Common for $70,000.

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Definitions:

Self-Esteem

A person's personal assessment of their value, involving feelings and convictions like esteem and embarrassment.

Adolescents

Young people going through the phase of development from childhood to adult life, focusing on physical, psychological, and social changes.

Ethnic Identity

A sense of belonging to an ethnic group.

Foreclosure Status

A term used by James Marcia to describe an identity status where an individual has committed to an identity without exploring options.