Final answer:
Issuing stock involves selling off ownership of the company to the public and accessing financial capital without repayment. One of the options does not accurately describe the process.
Step-by-step explanation:
When recording for issuance of stock, there are several steps involved. However, one of the options in the given statement does not accurately describe this process.
Issuing stock involves selling off ownership of the company to the public. It is a way for a firm to access financial capital without worrying about repaying the money. It also increases the firm's visibility in the financial markets.
On the other hand, borrowing money from a bank or issuing bonds involves committing to scheduled interest payments and maintaining control of operations without being subject to shareholders.
The statement that does not accurately describe the process of recording for issuance of stock is that it is expensive and requires the expertise of investment bankers and attorneys, as well as compliance with reporting requirements to shareholders and government agencies.