Prepare journal entries to record each of the following four separate issuances of stock. a corporation issued 8,000 shares of $20 par value common stock for $192,000 cash. a corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. the stock has a $1 per share stated value. a corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. the stock has no stated value. a corporation issued 2,000 shares of $25 par value preferred stock for $101,000 cash.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.