When a company issues 33,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would

Debit  Cash or Bank  Account       $1,320,000

                    Credit Share Capital Account        $132,000

                    Credit Share Premium Account     $1,188,000

Explanation:

The journal entry to record issue of common stock for more than its par value will be as follows:

Debit  Cash or Bank  Account

              (33,000 shares × $40 per share)                   $1,320,000

Credit  Share Capital Account  

               (33,000 shares × $4 par value per share)            $132,000

Credit  Share Premium Account

               (33,000 shares × ($40 - $4)per share)                  $1,188,000

Share capital account is always credited for issuance of shares at par value and the difference between par value and issuance value is taken to the share premium account. Here, the company issued its shares at $36 per share premium.

answer; the correct answer to the above statement is (true);

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'