Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $24 per share.

Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Date - - - - Acc title - - - - - - - - - - DrCr

Cash 24,000

common stock - - - - - - - - - -1000

Add. P-in-cap-com - - - - - - 29000

Explanation:

Number of shares = 1000

Price per share = $24

Par value = $1

Cash (number of shares × price per share) 1000 × $24 = $24,000

Common stock (number of shares × par value) = 1000 × $1 = $1000

Add. p-in-cap-com = Additional paid in capital

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; purpose nondisclosure;