High Country Ltd Issued 50 000 Shares for $1 Each

question 59

Multiple Choice

High Country Ltd issued 50 000 shares for $1 each on 23 May. The correct entry to record this transaction is:

• A) DR Bank $50 000; CR Share capital $50 000
• B) DR Bank $50 000; CR Shareholder's equity $50 000
• C) DR Bank $50 000; CR Retained earnings $50 000
• D) DR Share capital $50 000; CR Bank $50 000

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Definitions:

Operant Responding

A form of learning where behavior is modified by its consequences, such as rewards or punishments.

Operant Responding

A process in behavior analysis, emphasizing the influence of consequences on subsequent behavior.

Negative Reinforcement

A behavioral psychology concept where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Observational Learning

The process by which individuals learn new behaviors by observing and replicating the actions of others.