What amount is recorded as common stock issued

Assignment Help Financial Accounting
Reference no: EM131261515

A corporation issues 100,000 shares of an authorized 500,000 shares of $1 par value common stock.the selling price is $15 per share. How much cash is received? What amount is recorded as common stock issued? What amount if any is recorded as additional paid in capital?

Reference no: EM131261515

Questions Cloud

Firm recently announced stock repurchase program : A year ago, Frank Figgs bought 10,000 shares of ABC Corporation’s stock for $35 per share. The firm recently paid a dividend of $0.20 per share and, in addition, the firm recently announced a stock repurchase program. How much in personal taxes will ..
What is the primary financial reporting objective : What is the primary financial reporting objective for not-for-profit organizations? How does this differ from the primary financial reporting objective for a government?
Assuming adrian has no other capital gains or losses : Three years ago, Adrian purchased 220 shares of stock in X Corp. for $29,480. On December 30 of year 4, Adrian sells the 220 shares for $22,000. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on he..
Tradition of keeping information about clients confidential : Swiss banks have had a long tradition of keeping information about their clients confidential. Is this the correct strategic focus to take in the 21st century? Should the United States government have the right to demand information pertaining to the..
What amount is recorded as common stock issued : A corporation issues 100,000 shares of an authorized 500,000 shares of $1 par value common stock.the selling price is $15 per share. How much cash is received? What amount is recorded as common stock issued? What amount if any is recorded as addition..
True for goods under the purview of article two of the ucc : Which of the following is true for goods under the purview of Article 2 of the UCC?
Raise selling price and reduce variable costs : Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $27 each, and her variable costs are $17 per basket. She incurs $12,600 i..
Supplement the retirement programs : Stefani? German, a? 40-year-old woman, plans to retire at age? 65, and she wants to accumulate $ 500000 over the next 25 years to supplement the retirement programs that are being funded by the federal government and her employer. How much additional..
Straight line depreciation to double declined balance : Could you please research and explain if a change from straight line depreciation to double declined balance requires a journal entry? If that is the case, provide the journal entry. Be specific in providing your explanation.

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Inherent risks related with stockholders equity transactions

You are an auditor on an engagement. You are assigned to audit stockholder's equity. What types of transactions would you expect to see affecting the stockholder's equity account(s)? You are an auditor on an engagement. You are assigned to audit your..

  Evaluate the value of units completed and transferred out

Evaluate the value of units completed and transferred out, ending work-in-process inventory, and the loss due to abnormal spoilage for the Assembly department.

  On 1st may 2007 mosby company received an order to trade a

on 1st may 2007 mosby company received an order to trade a machine to a customer in canada at a price of 2000000

  Support services but serve markets in different industries

On January 1, 2014, Ridge Road Company acquired 25 percent of the voting shares of Sauk Trail, Inc. for $4,100,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries.  How much of Ridge Road..

  Equipment depreciation-supervisors wages and direct material

Cashion Company produces chemical mixtures for Veterinary pharmaceutical companies. Its factory has four mixing lines that mix various powdered chemicals together according to specified formulas.  Prepare a graph for each of these three costs: equipm..

  Engineer planning for retirement

An engineer planning for her retirement will deposit 15% of her salary each year into a stock found. The initial balance in her stock found (year 0) is $5,000. If her salary this year is $100,000 (end of year 1) and she expects her salary to increase..

  Calculate the new breakeven point in monthly sales dollars

MSM company sells clothing for young adults. The firm has normal monthly fixed costs Calculate the new breakeven point in monthly sales dollars

  Prepare the adjusting entries at march 31

Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly and Additional accounts are: Depreciation Expense; Insurance expense; Interest Payable; and Supplies expense.

  Questionfrom the given information it is possible to

questionfrom the given information it is possible to evaluate boeings 2008 net journal entry for its pension and opeb

  Would real estate investment trust or mortgage real estate

Would real estate investment trust or mortgage real estate investment trusts be a better hedge against high inflation? Why or why not?

  Find what is the cost of this activity

Accounting question-regression analysis that I have been working on but I am not sure if I have the correct answer

  Madera company has annual fixed costs

Madera Company has annual fixed costs totaling $120,000 and variable costs of $3 per unit. Each unit of product is sold for $15. Madera expects to sell 12,000 units this year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd