Under the alternative method for accounting for unearned revenue, which of the following pairs of journal entry formats is correct?
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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 PaidIn Capital—Common Stock of $5,000 d. A credit to Additional PaidIn Capital—Common Stock of $5,000
Which of the following variables is often considered when we are influenced by how attracted or drawn we feel toward another?
A. physical B. social C. confirmation D. reinforcement
On June 8, Alton Co issued an $80,000, 6%, 120-day note payable to Seller Co Assume that the fiscal year of Seller Co ends June 30. Using the 360-day year in your calculations, what is the amount of interest revenue recognized by Seller in the following year?
A) $1,200.00 B) $1,208.89 C) $1,306.67 D) $1,600.00
Machiavelli’s contribution to strategy suggests that:
a. Remaining powerful is the highest priority b. Listening to your employees’ needs is of utmost importance c. Delegation of authority enhances team performance d. None of the above