Use the Following Information to Answer the Question Below

question 100

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 50,000 shares of $20 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 200 shares of stock to its lawyer in full payment of the $5,000 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 8,000 shares of stock at a price of $25 per share.
3. The company issued 8,000 shares of stock in exchange for equipment that had a fair market value of $160,000.
The entry to record transaction 3 is:

Identify common adjustment issues in children of divorced parents.

Elucidate the role of parents and teachers in enhancing a child's sense of industry.

Differentiate between internalizing and externalizing behaviors and their impacts on family dynamics.

Recognize and describe emotional and behavioral disorders in school-age children and their treatments.

---

Definitions:

Average Fixed Inspection Cost

A cost that remains constant per unit but varies in total, associated specifically with the inspection process in manufacturing or quality control.

Fixed Inspection Cost

A fixed cost associated with quality inspections that does not change with the level of production or services.

Machine-Hours

Machine-hours represent the total time that machinery is in operation, used as a basis for allocating machine-related costs to products.

Total Variable Cost

The sum of all costs that vary directly with the level of production, such as materials and labor costs.