The tort of product liability is also known as trade libel.

If 500 shares of $10 par value common stock are sold for $40 per share, the entry would be a debit to cash for $20,000 and credit, which of the following accounts and amounts?

a. common stock for $20,000 b. common stock $5,000; additional paid-in-capital-common stock $15,000 c. common stock $15,000; retained earnings $5,000 d. retained earnings $15,000; common stock $5,000

________ are spread out over many years and sometimes different products

A) Development costs B) Overhead costs C) Variable costs D) Direct fixed costs