In Order to Reduce the Risk Associated with a New

question 41

Multiple Choice

In order to reduce the risk associated with a new line of business,Conservative Corporation established Spin Company as a wholly owned subsidiary.It transferred assets and accounts payable to Spin in exchange for its common stock.Spin recorded the following entry when the transaction occurred:

-Based on the preceding information,what number of shares of $7 par value stock did Spin issue to Conservative?

• A)10,000
• B)7,000
• C)8,000
• D)25,000

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Definitions:

Slave Revolt

An act of rebellion or resistance against slave owners by the enslaved population, seeking to gain freedom or protest against conditions.

Violent Slave

Individuals held in slavery who resisted their condition through acts of violence against their oppressors.

Brer Rabbit Folktales

A collection of African American folktales involving the trickster figure Brer Rabbit, who uses his wits to overcome challenges and adversaries.

Survival And Resistance

This refers to the actions and strategies adopted by individuals or groups to endure and oppose difficult situations, including oppressive systems or environments.