Implementing the new or changed process is the third activity in business process management

Indicate whether the statement is true or false

TRUE

Business

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If Kiner Company issues 1,000 shares of $5 par value common stock for $70,000, the account

a. Common Stock will be credited for $5,000. b. Paid-in Capital in Excess of Par Value will be credited for $5,000. c. Paid-in Capital in Excess of Par Value will be credited for $70,000. d. Cash will be debited for $65,000.

Business

When a mutual insurer becomes a stock company, the process is called

A) Mutualization B) Demutualization C) Reinsurance D) Reorganization

Business