Exhibit 15-2 Lawrence, Inc

question 139

Multiple Choice

Exhibit 15-2 Lawrence, Inc., entered into a subscription contract with several subscribers that calls for the purchase of 2,000 shares of $5 par common stock for $15 a share. The contract calls for a 20% down payment and specifies that any amounts not paid within the contract period will be forfeited in full.

-Refer to Exhibit 15-2. Lawrence received final payment (80%) on 1,800 shares and issued those shares. Subscribers defaulted on 200 shares. The entries to record receipt of final payment and issuance of 1,800 shares would include a

• A) debit to Cash for $24,000
• B) credit to Subscriptions Receivable: Common Stock for $24,000
• C) debit to Common Stock Subscribed for $10,000
• D) credit to Common Stock for $9,000

Understand the methods of calculating pregnancy duration and associated healthcare practices.

Recognize the effects of pregnancy on the woman's body and the potential need for lifestyle adjustments.

Learn the physiological changes during pregnancy that affect sexual activity and precautionary measures for the same.

Acknowledge the social and relationship dynamics that can be influenced by pregnancy.

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Definitions:

Arbitration Agreement

A contract in which parties agree to settle disputes outside of court through arbitration, a process involving a neutral third party.

Federal Law

Laws enacted by the national government of a country, which are supreme over state laws within its constitutional powers and apply to citizens and residents throughout the country.

Arbitrator's Decision

A final decision made by an arbitrator, who is a neutral third party, to resolve a dispute outside of court.

National Labor Relations Act

A foundational statute of US labor law which guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.