Alma Corp issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, a credit or credits are made to:
A) Common Stock $16,000.
B) Common Stock $10,000 and Additional Paid-in Capital $6,000.
C) Common Stock $6,000 and Additional Paid-in Capital $10,000.
D) Common Stock $10,000 and Retained Earnings $6,000.
B
You might also like to view...
Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. What is the company's retained earnings balance at December 31, 2015?
a. $140,000 b. $190,000 c. $240,000 d. $340,000
Karen has redesigned the jobs of her employees so that they are more challenging to the employee and have less repetitive work. Karen has done which of the following?
A. job rotation B. job enrichment C. horizontal loading D. vertical loading
A(n)__________is an organized pattern of knowledge that an individual holds as true about his or her world
Fill in the blanks with correct word.
If a firm promises more than it can deliver,
A. it creates a communication gap. B. it needs to enact a voice-of-customer program. C. it has created an empowerment gap. D. consumers will have a knowledge gap. E. perishability becomes a problem.