Which of the Following Is True for a Corporation That

question 8

Multiple Choice

Which of the following is true for a corporation that issues 1,000 shares of $2 par common stock at $5 per share?

• A)The common stock account will increase by $5,000.
• B)$2 per share is the maximum selling price for these shares of stock.
• C)Total stockholders' equity will increase by $5,000.
• D)The per share dividend amount on these shares is $2.

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Definitions:

Mutually Exclusive

1. In a classification, the property that each species excludes the members of every other species; 2. A relationship between events; two events are mutually exclusive if and only if they cannot both occur.

Jointly Exhaustive

In a classification, the property that the species taken together cover all the objects in the genus.

Species

A cluster of akin beings from the realm of life, able to crossbreed or transfer genetic code.

Board Games

Games primarily played on a pre-marked surface or "board," involving pieces or counters moved according to a set of rules.