Total paid-in capital amount

Assignment Help Accounting Basics
Reference no: EM13136163

Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:

Sold 5,000 shares of common stock for $18 per share.

Issued 5,000 shares of common stock in exchange for a patent valued at $100,000.

At the end of the Adler's first year, total paid-in capital amounted to:

a. $40,000.

b. $90,000.

c. $100,000.

d. $190,000.

Reference no: EM13136163

Questions Cloud

Presidential and parliamentary : In your own words, can you explain the advantages and disadvantages of the Presidential system in the United States and the Parliamentary system of the United Kingdom?
Calculate the number of grams of kclo3 needed : Calculate the number of grams of KClO3 needed to make 400 mL of 0.913 M solution.
Simon is the majority shareholder : Simon is the majority shareholder and managing director of Slowgo Pty Ltd which operates a chain of discount stores. Slowgo has very few assets and is not in a position to pay its debts.
Probability that randomly selected truck drivers are women : What's the probability that fewer than 2 of the randomly selected truck drivers are women? What is the expected number of women in a random selection of 20 truck drivers?
Total paid-in capital amount : Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:
Case study "delivering benefits" : answering these to questions on the Case Study "Delivering Benefits" in Human Resource management.Question 1. 1. Why is having multiple health-care plans important for FedEx in slowing down increases in the cost of benefits?
Calculate the average atomic mass of argon : Three isotopes of argon occur in nature - 36Ar, 38Ar, 40Ar. Calculate the average atomic mass of argon to two decimal places, given the following relative atomic masses and the abundances of each of the isotopes: argon
Public use for profit : Discuss the relevancy of this case to the charge of the adverse impact caused by activist judges on the American political system. You might want to read the dissent opinion by former Justice Sandra Day O'Connor and you may address the aftermath
What are the critical deficiencies : ­Do you think the recommendations put forth in the Exposure Draft are likely to be successful or not? If successful, what are the most significant attributes? If not successful, what are the critical deficiencies?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Stan capital balance after admitting ray

Stan and Ollie are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ray is admitted to the partnership and is given a 40% interest by investing $20,000. What is Stan's capital balance aft..

  Fasb-current assets-prepaid expenses

What is the formal definition in the glossary of the term "Current Assets?" Provide one drill-down reference from the Master Glossary for where the term "Current Assets" is used in the Codification.

  Strategies for testing internal controls

Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.

  Determine the effects of the events

She receives a $6,000 distribution, and her share of S corporation items includes a $2,000 long-term capital gain and a $9,000 ordinary loss. Determine the effects of these events on AAA, stock basis, and AEP.

  Problem related to cumulative preferred stock

Division Corp has 20,000 shares of $5.00 participating 9 percent cumulative preferred stock and 100,000 shares of $2.00 common stock.

  Problem related to auditors examination

How is an auditors examination affected when a client has engaged in significant related party transactions? What measures should an auditor take to determine that such transactions have been properly recorded by the client?

  Determining bad debt expense

Oddessy consulting has the following for year ended 12-31-09 before adjustments. Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:

  Value of ending inventory on a lifo basis

Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis?

  With regard to critical success factors

With regard to critical success factors, which one of the following would not be considered a financial measure of success?

  Effect of transactions on assets-liabilities and net income

For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected the account name and amount and indicating whether it is an ad..

  Expected value of information

Jeffrey Mogul is a Hollywood film producer and he is currently evaluating a script by new screenwriter and director, Betty Jo Thurston. Jeffrey knows that the probability of a film by a new director being a success is about .10 and the probability..

  Calculate the payback period for the proposed investment

Rieger International is attempting to evaluate the feasibility of investing $ 95,000 in a piece of equipment that has a 5- year life. The firm has estimated the cash inflows associated with the proposal as shown in the table at the right. The firm..

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