The journal entry for the receipt of a cash payment on common stock subscriptions would include
a. debiting Cash and crediting Common Stock Subscriptions Receivable; b. debiting Cash and crediting Common Stock Subscribed; c. debiting Common Stock and crediting Common Stock
Subscriptions Receivable; d. debiting Common Stock Subscriptions
Receivable and crediting Common Stock; e. debiting Common Stock and crediting Cash.
A
You might also like to view...
A graphical depiction that makes use of small pictures or symbols to display the data is called a pictograph
Indicate whether the statement is true or false
Which of the following statements is not correct concerning summary annual reports?
a. A summary annual report omits much of the financial information included in an annual report. b. When a company issues a summary annual report, the proxy materials it sends to shareholders must include a set of fully audited statements and other required financial disclosures. c. A summary annual report generally has more nonfinancial pages than financial pages. d. A summary annual report is adequate for reasonable analysis. e. The concept of a summary annual report was approved by the Securities and Exchange Commission.
Which of the following is true of a premium on bonds payable?
a. It is a contra-stockholders' equity account. b. It is an account that appears only on the books of the investor. c. It increases when amortization entries are made until it reaches its maturity value. d. It decreases when amortization entries are made until its balance reaches zero at the maturity date.
By offering environmentally responsible products, green marketers
A. keep costs much lower than those of competitors. B. add value that other products do not have. C. undercut prices of nonenvironmentally responsible marketers. D. make consumers feel guilty for buying other products. E. All of the choices are correct.