Olsson Corporation Received a Check from Its Underwriters for $72

question 18

Short Answer

Olsson Corporation received a check from its underwriters for $72 million.This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $72 per share.Which is the correct entry to record the issue of the stock?

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Definitions:

Severe Migraine Headaches

Intense and painful headaches often accompanied by nausea, vomiting, and sensitivity to light or sound, classified as migraines can significantly disrupt daily life.

GABA

Gamma-Aminobutyric Acid, an inhibitory neurotransmitter in the central nervous system that helps regulate neuronal excitability throughout the nervous system.

Serotonin

A chemical messenger in the brain crucial for maintaining stable mood, as well as promoting feelings of contentment and joy.

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, which connects the central nervous system to limbs and organs.