In both the federal and state systems, the courts of original jurisdiction are:

a. trial courts
b. supreme courts c. tort courts
d. defense courts e. criminal courts

a

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John's Metalworks Incorporated recently issued 10,000 shares of stock in exchange for $100,000. Metalworks' journal entry to record this transaction included:

A. A debit to Capital Stock for $10,000. B. A debit to Cash for $100,000. C. A credit to Capital Stock for $10,000. D. A credit to Cash for $100,000.

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The theory of mercantilism viewed international trade as a win-win game

Indicate whether the statement is true or false

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