Bentley corporation received cash from issuing 17,000 shares of common stock at par on january1, 2018. the stock has a par value of $0.05 per share. which is the correct journal entry to recordthis transaction? a) cash is debited for $850, and common stock$0.05 par value is credited for $850.b) paid-in capital in excess of par-common is debited for $16,150, and common stock$0.05par value is credited for $16,150.c) cash is debited for $17,000, common stock$0.05 par value is credited for $850, andpaid-in capital in excess of par-common credited for $16,150.d) cash is credited for $17,000 and common stock$0.05 par value is debited for $17,000.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.