Nexis Corp

question 14

Multiple Choice

Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to:

• A) Common Stock $15,000 and Paid-in Capital in Excess of Par Value $7,000.
• B) Common Stock $22,000 and Retained Earnings $15,000.
• C) Common Stock $7,000 and Paid-in Capital in Excess of Stated Value $15,000.
• D) Common Stock $22,000.

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Definitions:

Impediment

An obstacle or barrier that delays or prevents progress.

Fear of the Unknown

A psychological phenomenon where individuals feel anxious or fearful about situations or events that are unfamiliar or not understood.

Unfreezing

The initial phase in the change process where individuals or organizations become aware of the need for change.

Driving Forces

Factors or elements that motivate and influence the direction and momentum of change or growth.