User Account

All Pages

Prepare the entry for the issuance under the assumptions

Assignment Help Accounting Basics
Reference no: EM133141562

Question - Sarasota Corporation issued 1,150 shares of stock. Prepare the entry for the issuance under the following assumptions.

(a) The stock had a par value of $7.50 per share and was issued for a total of $45,000.

(b) The stock had a stated value of $7.50 per share and was issued for a total of $45,000.

(c) The stock had no par or stated value and was issued for a total of $45,000.

(d) The stock had a par value of $7.50 per share and was issued to attorneys for services during incorporation valued at $45,000.

(e) The stock had a par value of $7.50 per share and was issued for land worth $45,000.

Reference no: EM133141562

Questions Cloud

Determine the book value at the end of year two : An asset was purchased for $58,000 and originally estimated to have a useful life of 10 years. Determine the book value at the end of Year two
Country analysis-singapore : Discuss major economic activities such as the economic resources produced; the GDP; per capita GDP; the average income and its imports/exports data
What would their annual savings be : They have a mortgage payment of ?$601.69 Interest rates have recently? fallen, What would their annual savings be if they? refinance
Implementation of an innovation system : How could innovation be used as an opportunity to redesign or realign systems/processes and gain competitive advantage where such environmental influences
Prepare the entry for the issuance under the assumptions : Prepare the entry for the issuance under the following assumptions - The stock had a par value of $7.50 per share and was issued for a total of $45,000
Paramount concern of government trade policy : Whose interests should be the paramount concern of government trade policy: the interests of producers (businesses and their employees) or those of consumers?
Post to the stockholders equity accounts : Culver Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. Post to the stockholders equity accounts
Identify factors that influence industry : Identify factors that influence the industry. These might include government regulatory policies and competitive practices of other businesses.
Organizational change and stress management : Technological advances in society have been shown to cause organizational stress. given that changes in technology usually means work is less complicated

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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