John's Metalworks Incorporated Recently Issued 10,000 Shares of Stock in Exchange

question 23

Multiple Choice

John's Metalworks Incorporated recently issued 10,000 shares of stock in exchange for $100,000.Metal works' journal entry to record this transaction included:

• A)A debit to Capital Stock for $10,000.
• B)A debit to Cash for $100,000.
• C)A credit to Capital Stock for $10,000.
• D)A credit to Cash for $100,000.

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Definitions:

Systematic Desensitization

A method in behavioral therapy used to reduce phobic or anxiety responses, involving gradual exposure to the feared object or situation.

Psychodynamic Therapy

A form of depth psychology, the primary focus of which is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.

Self-blame

The act of attributing personal failures or mishaps to one's own decisions or characteristics.

Negative Thinking

A pattern of focusing on the worst in everything, anticipating failure or disaster, and seeing the negative aspects of all situations.