A corporation issued 110 shares of its $5 par value common stock in payment of a $1900 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
A. A $1900 credit to Cash.
B. A $1900 debit to Legal Expenses.
C. A $550 debit to Organization Expenses.
D. A $1900 credit to Common Stock.
E. A $1350 credit to Paid-in Capital in Excess of Par Value, Common Stock.
Answer: E
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Answer the following statements true (T) or false (F)
1. People are generally comfortable with and embrace change, even change in apparently major matters. 2. According to Jim Collins, researcher of enduring great companies, hubris and denial are among the stages of institutional decline. 3. The marketplace is becoming more homogeneous and moving toward more similar products. 4. Demassification refers to a trend of customer groups being segmented into smaller, specialized groups responding to narrowly targeted messages.
When a corporation issues bonds, the price that buyers are willing to pay for the bonds does not depend on which of the following below
A) face value of the bonds B) market rate of interest C) periodic interest to be paid on the bonds D) denominations the bonds are sold
In order to win a representation election and be certified by the NLRB as the bargaining agent for the group of employees, the union must receive _________________________ of the votes cast.
Fill in the blank(s) with the appropriate word(s).
Using the given data, determine the forecast for week 11
A) approximately 10,840 pounds B) approximately 8,410 pounds C) approximately 12,753 pounds D) approximately 11,585 pounds