As far as Microsoft Access is concerned, there are no 1:N relationships

Corporations register in their state of domicile (a few exceptions register at the federal level)

a. true b. false

Peterson, Inc. issued 4,000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. The journal entry to record this transaction would ________

A) credit Cash $240,000, debit Preferred Stock-$60 Par Value $4,000, and debit Paid-In Capital in Excess of Par-Preferred $236,000 B) debit Cash $240,000, credit Preferred Stock-$60 Par Value $4,000, and credit Paid-In Capital in Excess of Par-Preferred $236,000 C) credit Cash $240,000 and debit Preferred Stock-$60 Par Value $240,000 D) debit Cash $240,000 and credit Preferred Stock-$60 Par Value $240,000