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The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares.

The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

The shares of stock sold to investors are

Select one:

a. Treasury shares.

b. Authorized shares.

c. Issued shares.

d. Outstanding shares.

A firm that sold one share of $1 par value common stock for $10 would

Select one:

a. Debit common stock for $1.

b. Debit common stock for $10.

c. Credit common stock for $1.

d. Credit common stock for $10.

For a bond issued at par, the cash received upon issue equals the present value of the bond’s

Select one:

a. Principal repayment minus the interest payments.

b. Principal repayment and interest payments.

c. Principal repayment.

d. Interest payments.

 

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