________ is a VoIP service that currently offers free calling among its customers over the Internet and reduced-cost calling to and from Public Switched Telephone Network customers

Which of the following is a liability?

a. Account payable b. Account receivable c. Cash d. Inventory e. expense

A firm issued 10,000 shares of no par-value common stock, receiving proceeds of $40 per share. The amount recorded is ________

A) $0 in the Common Stock account B) $0 in the Paid-in Capital in Excess of Par account C) $400,000 in the Common Stock account D) $400,000 in the Paid-in Capital in Excess of Par account