Bentley corporation received cash from issuing 12 comma 000 shares of common stock at par on january 1, 2018. the stock has a par value of $ 0.01 per share. which is the correct journal entry to record this transaction?
a) cash is credited for $16,000 and common stock - $0.01 par value is debited for $16,000
b) cash is debited for $160, and common stock - $0.01 par value is credited for $160
c) paid-in capital in excess of par - common is debited for $15,840, and common stock-$0.01 par value is credited for $15,840
d) cash is debited for $16,000 common stock - $0.01 par value is credited for $160 and paid- in capital in excess of par - common credited for $15,840

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million