Percy corporation was formed on january 1. the corporate charter authorized 100,000 shares of $10 par value common stock. during the first month of operation, the corporation issued 280 shares to its attorneys in payment of a $4,800 charge for drawing up the articles of incorporation. the entry to record this transaction would include: 1. a debit to organization expenses for $4,800.2. a debit to organization expenses for $2,800.3. a credit to common stock for $4,800.4. a credit to paid-in capital in excess of par value, common stock for $4,800.5. a debit to paid-in capital in excess of par value, common stock for $2,000.

Why has the free enterprise system been modified to include some government intervention?

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system