Washington corporation issued 4,000 shares of its $20 par value common stock for $23 per share. the entry to record the issuance would include a
a. debit to cash for $80,000.
b. credit to common stock for $12,000.
c. credit to common stock for $80,000.
d. debit to paid-in capital in excess of par value for $12,000.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.