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

question 16

Multiple Choice

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

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

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Definitions:

Average Y

The mean or central value of a set of data designated as 'Y'.

Prediction Interval

A range of values that is likely to contain the value of a variable for an individual prediction, taking into account the uncertainty around the estimate.

Residual

The difference between an observed value and the value predicted by a model.

Scatter Diagram

A scatter diagram, or scatter plot, is a type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data, indicating the relationship between them.