A Corporation Received a Subscription for 100 Shares of 10

question 44

Multiple Choice

A corporation received a subscription for 100 shares of 10 percent, $100 par-value preferred stock at $103 a share. The entry to record this transaction consists of a debit to Subscriptions Receivable
-Preferred for $10,300 and a credit to:

• A)Preferred Stock Subscribed for $10,300.
• B)Preferred Stock Subscribed for $10,000 and a credit to Gain on Sale of Preferred Stock for
• $300.
• C)Preferred Stock for $10,000 and a credit to Retained Earnings for $300.
• D)Preferred Stock Subscribed for $10,000 and a credit to Paid-in Capital in Excess of Par Value
• -Preferred Stock for $300.

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Definitions:

Average Attendance

The mean number of individuals present over a specified number of events or time periods.

Residual

The difference between an observed value and the predicted value given by a statistical model.

R Squared

A statistical measure that represents the proportion of the variance for a dependent variable that's predicted from an independent variable or variables in a regression model.

Regression

A statistical method used to determine the relationship between a dependent variable and one or more independent variables.