A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
A. A $1,300 credit to Paid-in Capital in Excess of Par Value, Common Stock.
B. A $1,800 credit to Cash.
C. A $300 debit to Organization Expenses.
D. A $1,800 debit to Legal Expenses.
E. A $1,800 credit to Common Stock.
Answer: A
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A retailer originally priced an e-reader at $99 and sold 1,200 units per week. After raising the price to $120, sales dropped to 1,000 units per week. What would the item's price elasticity be?
A. 2.4005 B. 3.33 C. -3 D. -.7855 E. -2.4005
Because the efficiency benefits of large retailers can be passed on to consumers in the form of lower prices and because a competitive market should drive out uncompetitive firms, there is no persuasive rationale for claiming that it is unethical and unfair to force smaller stores out of businesses by temporarily pricing products under cost.
Answer the following statement true (T) or false (F)
For a manufacturer, materials storage is a value-adding activity
Indicate whether the statement is true or false
______ leaders are particularly skilled at manipulating others for their own gain.
A. impulsive B. narcissistic C. extraverted D. machiavellian