In January, 2009, Despot Recorded a Transaction with This Journal

question 76

Multiple Choice

In January, 2009, Despot recorded a transaction with this journal entry: The transaction was for the:

• A)Issue of 2 million shares of common stock at par value
• B)Issue of common stock for $150 million in cash
• C)Receipt of $20 per share for a new stock issue
• D)All of these are correct.