A new company issues 2,000 shares of $5 par common stock in exchange for the services of a lawyer during its first month of business. The lawyer's normal fee is $15,000 for similar work. Which of the following would be recorded if the stock is not currently trading?
a. A debit to Common Stock for $10,000
b. A credit to Common Stock for $15,000
c. A debit to Additional Paid-In Capital—Common Stock of $5,000
d. A credit to Additional Paid-In Capital—Common Stock of $5,000
d
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Select the best definition of ethics:
a. a set of rules for behavior. b. a menu of options regarding what we must do. c. a menu of options regarding what we should do. d. standards that must be met to avoid penalty.
Which of the following statements about workers compensation programs is true?
A) Injured workers must prove the employer was responsible for their injuries to collect benefits. B) Workers compensation disability income benefits (amount and duration) are uniform from state to state. C) Options available for complying with the law may include one or more of the following: self-insurance, private insurance, or insurance through a state fund. D) Most states have elective laws whereby the employer can choose whether or not to provide workers compensation coverage to employees.
An action in strict product liability requires that the product be in a defective condition when the defendant sells it
Indicate whether the statement is true or false
A review of a movie in a local magazine or on a popular daily television show is an example of
A. public relations. B. sales promotion. C. personal selling. D. publicity. E. direct marketing.