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Moving to another question will save this response. Question 9 ABC Inc. sold 14,000 shares of its $10 par value common stock at a cash
Moving to another question will save this response. Question 9 ABC Inc. sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: OA. A credit to Common Stock for $182,000. OB. A debit to Cash for $140,000. OC. A debit to Contributed Capital in Excess of Par Value, Common Stock for $42,000. OD. A credit to Common Stock for $140,000 Moving to another question will save this response. Will save this response. estion 10 Gulf Company issued bonds with a par value of $500,000 for cash of $530,000. What is the account's name and type representing the difference between par value and issue price? OA. A bond premium, a contra asset account. OB. A bond discount; a contra liability account OC. A bond premium, an adjunct account. OD. A bond discount; a contra equity account L Time: 1 hour, 44 minutes, 08 seconds. * Question Completion Status: L Moving to another question will save this response. Question 11 The total number of stock that a corporation's charter allows it to issue is referred to as: OA. Preferred stock OB. Authorized Stock. OC. Outstanding stock. OD. Issued stock. Moving to another question will save this response
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