If Everly Company Issues 1,000 Shares of $5 Par Value

question 138

Multiple Choice

If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account

• A) Common Stock will be credited for $75,000.
• B) Paid-in Capital in excess of Par Value will be credited for $5,000.
• C) Paid-in Capital in excess of Par Value will be credited for $70,000.
• D) Cash will be debited for $70,000.

---

Definitions:

Physiological Need

Basic physical requirements necessary for human survival, such as food, water, and sleep, which must be met to ensure health and well-being.

Unpredictability

The quality of being unable to be foreseen or declared in advance.

Stressful

Characterized by or causing mental, emotional, or physical strain or tension.

Uplifts

Positive experiences or small victories that improve one’s mood or emotional state, often countering the impact of stress.