Use the Following Information to Answer the Question Below

question 179

Multiple Choice

Use the following information to answer the question below. When Langston Corporation was formed on January 1,20x5,the corporate charter provided for 100,000 shares of $10 par value common stock.The following transactions were among those engaged in by the corporation during its first month of operation:
1) The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000 bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency.
2) The company issued 16,000 shares of stock at a price of $50 per share.
3) The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000.

-The entry to record transaction 2 is

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Definitions:

Dietary Restrictions

Limitations on what an individual can eat, often for health, religious, or ethical reasons.

Brain Stimulation

A therapeutic procedure that uses electrical impulses to stimulate or modulate brain activity for treating various neurological and psychiatric conditions.

Depressive Symptoms

Refers to the signs and manifestations of depression, including persistent sadness, loss of interest in activities, changes in appetite or sleep, and difficulty concentrating.

Brain Stimulation Treatments

Medical treatments involving the use of electrical or magnetic stimulation to affect brain activity, used in various neurological and psychiatric conditions.