If a company issues 1,000 shares of $1 par value common stock for $20 per share, which of the following accounts would be credited?

A) Treasury Stock

B) Cash

C) Additional Paid-in Capital

D) Retained Earnings

Answer: C

The correct order from the smallest number of shares to the largest number of shares is:

A) Authorized, issued, and outstanding.

B) Outstanding, issued, and authorized.

C) Issued, outstanding, and authorized.

D) Issued, authorized, and outstanding.

Answer: B

Outstanding common stock specifically refers to:

A) Stock that is performing well.

B) Stock that has been authorized for issuance.

C) Stock issued plus treasury stock.

D) Stock in the hands of stockholders.

Answer: D