Training and supervision are management actions that primarily attempt to influence

Assume a corporation issues 5,000 shares of $7 par common stock for a building with an unknown value. The corporation's stock is trading at $8.50 per share. What is the appropriate journal entry?

a. Common Stock is debited $35,000, Paid-in Capital in Excess of Par-Common Stock is debited $7,500 and Building is credited $42,500. b. Building is debited $35,000, Common Stock is credited $35,000. c. Building is debited $42,500, Common Stock is credited $35,000 and Paid-in Capital in Excess of Par-Common Stock is credited $7,500. d. Building is debited $42,500, Common Stock is credited $35,000 and Gain on Sale of Stock is credited $7,500 e. Building is debited $42,500, Common Stock is credited $35,000 and Accounts Payable is credited $7,500.

Goodwill is:

a. something easily quantified b. not important to companies c. a major tangible asset d. a minor intangible asset e. none of the other choices are correct