Scott, Inc

question 69

Multiple Choice

Scott, Inc. sold $65,000 of stock. How would this transaction be entered in the journal?

• A) Cash 65,000 Capital Stock 65,000
• Sold stock for cash.
• B) Cash 65,000 Capital Stock 65,000
• Sold stock for cash
• C) Capital Stock 65,000 Cash 65,000
• Sold stock for cash .
• D) Capital Stock 65,000 Cash 65,000
• Sold stock for cash.

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Definitions:

Bad-News Message

Communication designed to relay unfavorable or disappointing information in a sensitive and understanding manner.

Anticipate Future Relations

The act of predicting and preparing for potential future interactions with others.

Resale

Resale refers to the act of selling something previously bought, often used goods, to another buyer.

Negative-News Message

A communication that conveys disappointing or unfavorable information to the recipient.