When a Stockholder Contributes Land to a Corporation in Exchange

question 215

Multiple Choice

When a stockholder contributes land to a corporation in exchange for stock,________.

• A) liabilities and stockholders' equity are increased
• B) assets and stockholders' equity are increased
• C) one asset is increased and another asset is decreased
• D) assets and liabilities are increased

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Definitions:

Attitude-improving Feedback

Constructive feedback aimed at encouraging positive changes in someone's behavior or outlook.

Judgments

The cognitive processes of forming opinions or conclusions based on information and reasoning.

Pessimism

A tendency to focus on the negative aspects of life or to expect the worst possible outcome in any given situation.

Locus Of Control

A psychological concept referring to the extent to which individuals believe they have power over events in their lives.