A Corporation Issued 6,000 Shares of Its $10 Par Value

question 26

Multiple Choice

A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000.The entry to record this transaction would include:

• A)A debit to Common Stock for $60,000.
• B)A debit to Land for $60,000.
• C)A credit to Land for $60,000.
• D)A credit to Contributed Capital in Excess of Par Value,Common Stock for $24,000.
• E)A credit to Common Stock for $84,000.

Appreciate the role of cultural awareness and global management skills in international business.

Understand the economic and job impacts of international business practices, such as insourcing and global sourcing.

Recognize the role and impact of global institutions like the World Trade Organization (WTO) on international trade.

Understand the implications of tariffs, quotas, and free trade agreements on international business.

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Definitions:

Oral Presentations

The act of delivering a speech or presentation verbally in front of an audience.

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Presentations or performances happening at the same time or in the same period.

Scripted Presentations

Presentations prepared with a pre-written script to ensure specific points are communicated and to maintain consistency.

Advance Organizer

A teaching strategy that involves presenting an overview or summary before the main content to facilitate learning.