Osbourne, inc. issued 50,000 shares of common stock in exchange for manufacturing equipment. the equipment has a fair value of $1,210,000. the stock has a par value of $0.02 per share. the journal entry to record this transaction includes a
a. debit cash $5,000.
b. credit gain on sale of common stock $1,050,000.
c. credit paid-in capital $999,500.
d. credit common stock $1,000,000.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

In microeconomics, the point at which supply and demand meet is called the blank price