Prepare the journal entry under the cost method

Assignment Help Accounting Basics
Reference no: EM13512704

One hundred shares having a par value of $100 and a market value of $80 are donated back to the corporation. Prepare the journal entry under the cost method.

Reference no: EM13512704

Questions Cloud

Explain the aspirin is in the form of neutral molecules : At body temperature 37 C, Ka for aspirin equals 3 x10^ - 5.If two aspirin tablets, each having a mass of 325 mg, are dissolved in a full stomach whose volume is 1 L and whose pH is 2, what percent of the aspirin is in the form of neutral molecules
How fast did she travel : A friend of yours who starts out at the same age as you travels to the alpha centauri solar system which is 4.70 light-years away. How fast did she travel
What is the total compensation cost : What is the measurement date, how long is the service period and what is the total compensation cost, if any?
Define the formation constant for the hydroxo complex : The solubility product for ZnOH2 is 3.0x10^- 16. The formation constant for the hydroxo complex, Zn(OH)4 ^2-, is 4.6x 10^17. A)What is the minimum concentration of OH - required to dissolve 1.5×10-2 mol of Zn(OH)2 in a liter of solution
Prepare the journal entry under the cost method : One hundred shares having a par value of $100 and a market value of $80 are donated back to the corporation. Prepare the journal entry under the cost method.
Explain why a plain vanilla interest swap has no initial : Explain why a plain vanilla interest swap has no initial value if it is priced at market.
Define how many microliters of 1.000 m naoh solution : How many microliters of 1.000 M NaOH solution must be added to 25.00 mL of a 0.1000 M solution of lactic acid HC3H5O3 to produce a buffer with pH = 3.75
What is the speed of the cannonball relative to the earth : A 490 kg cannon fires a 9.0 kg cannonball with a speed of 200 m/s relative to the muzzle. what is the speed of the cannonball relative to the earth
State naoh solution after the following additions of titrant : Find the pH during the titration of 20.00 mL of 0.1350 M benzoic acid, C6H5COOH (Ka = 6.3 multiplied by 10-5), with 0.1350 M NaOH solution after the following additions of titrant.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How successful a company is at exploiting emerging

how successful a company is at exploiting emerging opportunities and dealing with associated threats depends on

  Problem related to disclosure

Disclosure usually is not required for: A) contingent gains that are probable and can be reasonably estimated. B) contingent losses that are reasonable possible and cannot be reasonably estimated.

  Company borrowed 10000 on a 5 year 9 percent installment

company borrowed 10000 on a 5 year 9 percent installment note with quarterly payments of 626.42. how much of the first

  Limited partnership and limited liability partnership

Partnerships have various advantages over corporations. However, one of the major disadvantages for a partnership versus corporations is the liability issue. Does the addition a of limited partnership (LP) and limited liability partnership (LLP) i..

  Determining earnings per common share

Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004,..

  Appropriate interest rate for company

The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $200,000 (present value at 10% is $77,110). 10% is an appropriate interest rate for this company. What expense should be recorded for 2010 as a re..

  Compare the eva for briggs and stratton for 2007 and 2008

Briggs & Stratton Corporation is the world's largest maker of air-cooled gasoline engines for outdoor power equipment. The company's engines are used by the lawn and garden equipment industry.

  Morale and effectiveness of an organization

What effect does an employee's access to salaries have on the morale and effectiveness of an organization?

  Amortization schedule for bonds

An amortization schedule for bonds issued at a premium: A. Summarizes the amortization of the premium, a contra-asset account with a credit balance. B. Is reported in the balance sheet.

  Analyse the relative attractions of leasing as a financing

A common question when making a capital budgeting decision is whether to lease or buy an asset. This is akin to the 'make or buy choice' that is often faced by management accountants.

  Owners equity at the end of the year

At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased $74 and liabilities decreased $38. Owners' equity at the end of the year totaled:

  Revenue recognition for a computer hardware company

Caltron Computers, Inc. is a publicly held company with a total market capitalization in excess of $450 million. Caltron manufactures minicomputer systems that are designed to achieve the power of a mainframe at a fraction of the cost. The minicomput..

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