Question and answer
A journal entry for the sale of $10-par common stock for $18 per share would include (Points : 3) a credit to Cash. a debit to Common Stock. a credit to Paid-In Capital in Excess of Par - Common Stock. a debit to Paid-In Capital in Excess of Par - Common Stock.
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Asked 9/14/2014 9:22:18 PM
Updated 9/15/2014 3:36:36 PM
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User: A journal entry for the sale of $10-par common stock for $18 per share would include (Points : 3) a credit to Cash. a debit to Common Stock. a credit to Paid-In Capital in Excess of Par - Common Stock. a debit to Paid-In Capital in Excess of Par - Common Stock.

Weegy: A journal entry for the sale of $10-par common stock for $18 per share would include : c. a credit to Paid-in Capital in Excess of Par-Common Stock.
jeifunk|Points 31840|

User: Stocks that carry certain specified preferences, or first claims, are called (Points : 3) common stock. treasury stock. preferred stock. participating stock.

Weegy: Stocks that carry certain specified preferences, or first claims, are called PREFERRED STOCK.
andrewpallarca|Points 42685|

User: Preferred stock usually has voting rights. (Points : 3) True False

Question
Asked 9/14/2014 9:22:18 PM
Updated 9/15/2014 3:36:36 PM
1 Answer/Comment
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Rating
8
Preferred stock usually has voting rights. - This is FALSE.


Added 9/15/2014 3:36:36 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/15/2014 10:15:27 PM]
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Question 7. 7. The names of stockholders entitled to receive dividends are determined on the date of payment. (Points : 3) True False
Weegy: The names of stockholders entitled to receive dividends are determined on the date of payment. True. User: Most corporations must estimate their annual income taxes and make quarterly tax payments. (Points : 3) True False Weegy: Most corporations must estimate their annual income taxes and make quarterly tax payments. This is True. User: An adjusting entry is not required if the estimated payments made throughout the year are more than the actual taxes due. (Points : 3) True False (More)
Question
Not Answered
Updated 9/15/2014 10:16:04 PM
1 Answer/Comment
An adjusting entry is not required if the estimated payments made throughout the year are more than the actual taxes due.-This is FALSE.

Added 9/15/2014 3:34:15 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/15/2014 10:16:17 PM]
Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation? (Points : 3) net income dividends salaries retained earnings
Weegy: Withdrawals in a sole proprietorship or partnership are equivalent to Dividends in a corporation. User: Question 2. 2. A corporation's life is specified in its charter. (Points : 3) True False Weegy: A corporation's life is specified in its charter. This is TRUE. User: A major advantage of the corporate form of organization is the manner in which corporations pay income taxes. (Points : 3) True False (More)
Question
Not Answered
Updated 9/15/2014 10:14:23 PM
1 Answer/Comment
A major advantage of the corporate form of organization is the manner in which corporations pay income taxes. -This is FALSE.

Added 9/15/2014 3:43:02 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/15/2014 10:14:34 PM]
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