Florida Corporation has two classes of stock: common, $5 par value; and preferred, $5 par value. Requirements 1. Journalize Florida's issuance of 4 comma 500 shares of common stock for $ 15 per share. 2. Journalize Florida's issuance of 4 comma 500 shares of preferred stock for a total of $ 22 comma 500.

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.