Nexis Corp

question 14

Multiple Choice

Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to:

• A) Common Stock $15,000 and Paid-in Capital in Excess of Par Value $7,000.
• B) Common Stock $22,000 and Retained Earnings $15,000.
• C) Common Stock $7,000 and Paid-in Capital in Excess of Stated Value $15,000.
• D) Common Stock $22,000.

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Definitions:

Unnecessary Cruelty

Actions or behavior that cause harm or suffering without any justifiable purpose or benefit, often considered morally reprehensible.

Deceased Animals

Refers to animals that have died due to natural causes, disease, predation, or human activity.

Nomothetic

Nomothetic refers to an approach in psychological and social science research that focuses on identifying general laws that apply across individuals, as opposed to studying the unique aspects of individuals.

Idiographic

An approach focusing on the unique aspects of individuals, emphasizing personal experiences and subjective perceptions.