A threat may be either natural or human made and may be accidental or deliberate

Under U.S. accounting and translation practices, use of the current rate method is termed ________ while use of the temporal method is termed ________

A) translation; the same B) translation; remeasurement C) remeasurement; the same D) remeasurement; translation

S & C Company issues 1,500 shares of common stock with a $2 par value. The issue price of the stock is $13 per share. What is the journal entry required to record the issuance of the shares?

A) Cash 3,000 Common Stock 3,000 B) Cash 19,500 Common Stock—$2 par 3,000 Addl. Paid-in-Capital in Excess of Par—Common 16,500 C) Cash 19,500 Common Stock -$2 par 1,500 Addl. Paid-in-Capital in Excess of Par—Common 18,000 D) Cash 19,500 Common Stock 19,500