Middlemen is an older term for intermediaries

Dallkin Corporation issued 10,000 shares of common stock on January 1, 2017. The stock has no par value and was issued at $17 per share. The journal entry for this transaction includes a ________

A) debit to Cash for $170,000 and a credit to Common Stock-No-Par Value for $170,000 B) debit to Cash for $170,000 and a credit to Paid-In Capital in Excess of Par-Common for $170,000 C) credit to Cash for $170,000 and a debit to Common Stock-No-Par Value for $170,000 D) credit to Cash for $170,000, a debit to Paid-In Capital in Excess of Par-Common for $10,000, and a debit to Common Stock-No-Par Value for $160,000

As a general rule, about 20% of a company's customers generate a loss instead of a profit for the company

Indicate whether the statement is true or false