Evergreen Building, Inc. issued 2,000 shares of $14 par common stock in exchange for a truck with a current market value of $45,000. Which of the following is not part of the journal entry for this transaction?

A. Crediting Common Stock for $28,000

B. Crediting Common Stock for $45,000

C. Crediting Paid-In Capital in excess of par-common for $17,000

D. Debiting Equipment for $45,000

In the indirect method of Cash Flows, which of the following would be added to net income?

A. A decrease in Sales Tax Payable

B. An increase in Inventory

C. A decrease in Supplies

D. An increase in Prepaid Rent

Which of the following causes the par value of a company's stock to decrease?

A. Stock dividend

B. Cash dividend

C. Sale of additional stock

D. Stock split

Evergreen Corp. issues 12,000 shares of $5 par common stock for $8.50 per share. The amount credited to paid-in capital in excess of par is

A. $42,000.

B. $60,000.

C. $12,000.

D. $102,000.