Sunrise online issued 500 shares of its $10 common stock in exchange for equipment with a fair market value of $7,500. the entry to record the transaction would include a a. debit to equipment for $5,000. b. debit to common stock for $5,000. c. credit to paid-in capital in excess of par value for $2,500. d. credit to common stock subscribed for $5,000.

The correct answer is letter C. Credit to Paid in Capital in Excess of Par Value for $2,500.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.