Pumpkin Corporation Issued 10,000 Shares of Common Stock on January

question 273

Multiple Choice

Pumpkin Corporation issued 10,000 shares of common stock on January 1,2018.The stock has no par value and was issued at $17 per share.The journal entry for this transaction includes a ________.

• A) debit to Cash for $170,000 and a credit to Common Stock-No-Par Value for $170,000
• B) debit to Cash for $170,000 and a credit to Paid-In Capital in Excess of Par-Common for $170,000
• C) credit to Cash for $170,000 and a debit to Common Stock-No-Par Value for $170,000
• D) credit to Cash for $170,000, a debit to Paid-In Capital in Excess of Par-Common for $10,000, and a debit to Common Stock-No-Par Value for $160,000

Identify and explain major specialty areas in psychology and their focal points.

Summarize the history and development of Psychology Departments in Canadian universities.

Master the principles of time management.

Explain different psychological perspectives, including their views on human nature, causes of behavior, and methodologies.

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Definitions:

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Democratic Government

A system of governance where power is vested in the people, who have the authority to elect representatives and make decisions through a majority vote.

Social Preconditions

Conditions or social factors that must exist within a society for certain developments, behaviors, or changes to occur.

Power Resource Theory

A theory in political sociology that suggests the balance of power between classes, and the social and political power they hold, shapes the nature of the state and public policies.