Alma Corp Issues 1,000 Shares of $10 Par Common Stock at at $14

question 51

Multiple Choice

Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is recorded, credits are made to

• A) Common Stock, $14,000
• B) Common Stock, $10,000, and Paid-In Capital in Excess of Par-Common Stock, $4,000
• C) Common Stock, $4,000, and Paid-In Capital in Excess of Stated Value, $10,000
• D) Common Stock, $10,000, and Retained Earnings, $4,000

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Definitions:

Anemia

A medical condition characterized by a deficiency in the number or quality of red blood cells, which can lead to fatigue and other symptoms due to a lack of oxygen transport in the body.

Basal Metabolic Rate

The amount of energy expended while at rest in a neutrally temperate environment, necessary to maintain the function of the body's vital organs.

Resting Energy Expenditure

The amount of energy, measured in calories, that a person's body needs to maintain basic physiological functions while at rest.

Nutrient Density

A measure of the amount of nutrients a food contains in relation to the number of calories.