ACCT 212 Week 7 Quiz (100 OUT OF 100) v1 | 100% Verified | Already GRADED A
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Course
ACCT 212
Institution
Devry University
ACCT 212 Week 7 Quiz (Summer 2021)v1 Question: The advantages of a corporation … to a sole proprietorship or partnership include: Question: Preferred stock is called … because it usual ly has two preferences over common stock. These preferences relate to: Question: When a company issues 35,000 ...
, 3. When a company issues 35,000 shares of $3 par value common stock
for $30 per share, the journal entry for this issuance would include:
4. Environmental Designs issues 5,000 shares of its $1 par value common
stock at $18 per share. (1) Record the issuance of the stock. (2) Record
the issuance of the stock assuming it is no-par value stock. (If no entry
is required for a particular transaction/event, select "No Journal
Entry Required" in the first account field.)
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