Accounting fast help 10 pts!!!!!!!!?

1.A corporation purchased 1,000 shares of its par common stock at and subsequently sold 500 of the shares at . What is the amount of revenue realized from the sale?
a. {content}
b. ,000
c. ,500
d. ,000

2.Treasury stock shares are shares held by the U.S. Treasury Department
a. part of the total outstanding shares but not part of the total issued b.shares of a corporation
c. unissued shares that are held by the treasurer of the corporation
d. issued shares that are held by the treasurer of the corporation

3. One of the main disadvantages of the corporate form is the a.professional management
b. double taxation of dividends
c. charter
d. corporation must issue stock

4.The entry to record the issuance of 150 shares of par common stock at par to an attorney in payment of legal fees for organizing the corporation includes a credit to
a.Organizational Expenses
b.Goodwill
c. Common Stock
d. Cash

Tagged with: charter • common stock • double taxation of dividends • goodwill • issuance • outstanding shares • professional management • stock shares • taxation of dividends • treasury department • treasury stock • u s treasury • u s treasury department

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