When stock is issued for cash, only the par value of the stock should be reported in the stock account

a. True
b. False

Indicate whether the statement is true or false


True

Business

You might also like to view...

________ are the foundation upon which attitudes and personal preferences are formed and the basis for crucial decisions, life directions, and personal choice.

A) Personal values B) Self-disclosure C) Locus of control D) Personality style

Business

The total variable overhead variance is obtained by adding variable overhead cost variance and ________

A) total manufacturing overhead variance B) total direct labor variance C) fixed overhead cost variance D) variable overhead efficiency variance

Business

A contract is a(n) ______ if it arises from the actions rather than the expressions of the parties

a. explicit contract b. implied contract c. express contract d. real contract e. active contract

Business

Written communication is _____ when it gives the reader all the information he or she needs to accomplish the results the writer intended

a. complete c. correct b. clear d. concise

Business