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y 2. When a company issues 25.000 shares of Spare come se for $10 per the this issuance would include: A A debit to Cash
y 2. When a company issues 25.000 shares of Spare come se for $10 per the this issuance would include: A A debit to Cash for $25.000 B. A debit to Additional Paid-in Capital for $25.000 C. A credit to Additional Paid-in Capital for $250,000 D. A credit to Common Stock for 525.000 13. A company issued 1,000 shares of 51 par value preferred stock for $5 pers . What is true journal entry to record the issuance? A Debit Preferred Stock 55.000 B. Credit Cash 55.000 C. Credit Preferred Stock 55.000 D. Credit Additional Paid-In Capital $4,000 14. A company repurchases 1,000 shares of its own 51 por common stock for 515 per here. This purchase would be recorded with a A. Credit to Treasury Stock for $1.000 B. Debit to Additional Paid-In Capital for $14,000 C. Credit to Treasury Stock for $15,000 D. Debit to Treasury Stock for $15,000 15. The board of directors of Capstone Inc, declared a 50.60 per share cash dividendoni si par stock on June 1. On the date of declaration, there were 20,000 shares issued and 5,000 shares held treasury stock. What is the entry on June 30 to record the payment of cash dividende 9.000 9.000 9.000 9,000 12.000 A. Dividends Dividends Payable B. Dividends Payable Cash C. Dividends Dividends Payable D. Dividends Payable Cash 12000 16. The disadvantages of the corporate form of business include: A. Ability to transfer ownership B. Additional taxes. C. Limited liability D. Ability to raise capital. 17. The par value of shares issued is normally recorded in the A. Additional Paid-in Capital account. B. Common Stock account. C. Retained Earnings account. D. Treasury Stock account
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