A Corporation Issues 2,500 Shares of Common Stock for

question 155

Multiple Choice

A corporation issues 2,500 shares of common stock for $ 45,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

• A) $25,000
• B) $45,000
• C) $20,000
• D) $ 5,000

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Definitions:

Down Arrow

A graphical symbol or icon, often used in user interfaces, to indicate a direction, reveal a menu, or suggest that the user can scroll down or view more options.

Navigate

To move or travel through different parts of a software application, document, or dataset.

Calendar Picker

An interface control that allows users to select dates through a visual calendar display, often used in forms for inputting date information.

Date/Time Field

A database or form field designated for storing dates and/or times, often allowing for operations like sorting and filtering based on time.