The Entry to Record the Issuance of Common Stock at a Price

question 146

Multiple Choice

The entry to record the issuance of common stock at a price above its par value includes:

• A)A credit to Cash.
• B)A credit to a liability account for the difference between the price paid by the stockholders and the par value of the stock.
• C)A credit to Additional Paid-in Capital: Common Stock.
• D)A debit to Common Stock.

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Definitions:

Centrifuging

The process of using centrifugal force to separate substances of different densities.

Plasma

The liquid component of blood in which the blood cells are suspended, comprising about 55% of blood's volume.

Lymphoid Neoplasm

A type of cancer that originates from the lymphatic tissues, such as lymph nodes, spleen, or bone marrow.

Malignant

Refers to cancerous cells that have the ability to invade and destroy nearby tissue and spread to other parts of the body.