Question: q4...5.. pls answer both pls Question 4 The total number of stock that a corporation's charter allows it to issue is referred to as: O


q4...5.. pls answer both pls
Question 4 The total number of stock that a corporation's charter allows it to issue is referred to as: O A Authorized Stock OB. Issued stock O c. Outstanding stock. O D. Preferred stock. Question 5 XYZ Inc issued 6.000 shares of its 510 par value common stock in exchange for land that has a market value of 584,000. The entry to record this transaction would include: A Acredit to Paid-in Capital in Excess of Par Value. Common Stock for $24,000. OB. A debit to Land for 560 000 OC A credit to Land for 560 000 OD. A debit to Common Stock for 560 000
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