A corporation sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: A credit to Paid-in Capital in Excess of Par Value, Common Stock for $42,000. A debit to Cash for $140,000. A credit to Common Stock for $182,000. A credit to Cash for $182,000.

B) A credit to common stock for $ 140,000

Explanation:

Journal Entry will include:

Date  Journal Entry                                  Debit        Credit

          Cash/Bank A/C                            $182,000

           (14,000 shares*$13)

                  To  Common capital A/C                        $140,000

                  To Contributed capital in excess           $42,000

                   of par value A/C  

D.  Both cover beneficiaries in the event of your death.

Explanation:

disability insurance : Is the insurance that covers you in case of disability and certain relatives could be beneficiaries.

life insurance : must have beneficiaries as the person titular of the insurance is death.