Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: Issued 7,000 shares of common stock for cash at $30 per share. Issued 3,000 shares of common stock for cash at $33 per share. Prepare the journal entry required for each of these transactions.

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Rats that received electric shocks were unlikely to develop ulcers if the

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: