15. , 12-59 form of buiness or the deets of 17. MC-12-67 The abity of a corporation to a about 18. MC.12-69 Stockholders equity on the income statement C. is usualy equal to cash on hand d. includes pad-m capital and abates. 19. MC.12-72 The charter of a corporation provides for the issuance of 100,000sbares of common stock. Assume that 40,000 shares were originally issued and 10,0 were subsequently reacquired. What is the number of 40,000 10,000 0,000 50,000 40000- 1000O 30,ooo 20. MC.12-74 Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a stated value of $10 per share. The journal entry to record the sto ssuance would include a credit to Common Seock for $3,000 $15,000 530,000 21. MC.12-76 The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in peyment of legal fees for organizing the corporat includes a credit to a. Cash b. Common Stock c. Organizational Expenses d. 22. MC.12-77 The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of thase factors? investor expectations of the corporation's earning power general business and economic conditions and prospects how high the par value s the financial condition, earnings recond, and dividend record of the corporation 23. MC.12-78 The entry to recard the issuance of common stock at a price above par incudes a debit to 15. , 12-59 form of buiness or the deets of 17. MC-12-67 The abity of a corporation to a about 18. MC.12-69 Stockholders equity on the income statement C. is usualy equal to cash on hand d. includes pad-m capital and abates. 19. MC.12-72 The charter of a corporation provides for the issuance of 100,000sbares of common stock. Assume that 40,000 shares were originally issued and 10,0 were subsequently reacquired. What is the number of 40,000 10,000 0,000 50,000 40000- 1000O 30,ooo 20. MC.12-74 Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a stated value of $10 per share. The journal entry to record the sto ssuance would include a credit to Common Seock for $3,000 $15,000 530,000 21. MC.12-76 The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in peyment of legal fees for organizing the corporat includes a credit to a. Cash b. Common Stock c. Organizational Expenses d. 22. MC.12-77 The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of thase factors? investor expectations of the corporation's earning power general business and economic conditions and prospects how high the par value s the financial condition, earnings recond, and dividend record of the corporation 23. MC.12-78 The entry to recard the issuance of common stock at a price above par incudes a debit to
