If Dakota Company Issues 1,500 Shares of $6 Par Common

question 90

Multiple Choice

If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,

• A) Common Stock will be credited for $75,000
• B) Paid-In Capital in Excess of Par will be credited for $9,000
• C) Paid-In Capital in Excess of Par will be credited for $66,000
• D) Cash will be debited for $66,000

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Definitions:

Simulation

The process of creating a model or representation of a real-world scenario to study its behavior under different conditions without the risk of real-world consequences.

Model Demand And Supply

The model of demand and supply is a fundamental concept in economics that describes how prices vary as a result of a balance between product availability and the desires of consumers.

Scenario Planning

A strategic planning method used by organizations to make flexible long-term plans based on anticipating possible future scenarios and their impacts on business.

HR Demand

The need within an organization for human resources to fill specific roles or accomplish tasks.