When corporation issues its capital stock in payment for

Assignment Help Accounting Basics
Reference no: EM13453486

When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction is the

a. market value of the services received.

b. par value of the shares issued.

c. market value of the shares issued.

d. Any of these provides an appropriate basis for recording the transaction.

Reference no: EM13453486

Questions Cloud

Which of the following isnt a legal restriction related to : which of the following is not a legal restriction related to profit distributions by a corporation?a.the amount
Explain minimum of two ethical and two legal issues of : in november 2011 the us immigration and customs enforcement agency seized 150 web sites accused of selling counterfeit
If the price of medical care were set to zero for everyone : if the price of medical care were set to zero for everyone would individual demands for medical care still differ?
Describe an instance where you were involved in a situation : linking motivation and performance please respond to the following1.describe an instance where you were involved in a
When corporation issues its capital stock in payment for : when a corporation issues its capital stock in payment for services the least appropriate basis for recording the
The accounting problem in the lump sum issuance is : the accounting problem in a lump sum issuance is the allocation of proceeds between the classes of securities. an
Show how a raise in the quantity of medical care consumed : show how an increase in the quantity of medical care consumed can be achieved through either a demand or supply
If cameron is the risk neutral inventor which option will : cameron is an investor trying to decide among the following three different investment options.option anbsp price today
Stockholders equity is generally classified into two major : stockholders equity is generally classified into two major categoriesa.contributed capital and appropriated

Reviews

Write a Review

Accounting Basics Questions & Answers

  Activity cost pool estimated overhead expected use

Computer Parts, Inc., a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools is provided below for the year 2010.

  Paid income taxes during for the year

The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes, increased from $40,000 at the beginning of the year to $44,000 at the end of ..

  What steps are needed to solve problems

What steps are needed to solve problems using present value techniques to evaluate alternative investment opportunities?

  Question 1jackson companyrsquos credit history indicates

question 1.jackson companyrsquos credit history indicates that 60 percent of revenue is collected in the quarter the

  What is your break-even sales number

Your company has been in business as a supplier or electricity for over 50 years. You have always made a profit. Your current sales, for the past 3 years, have been 10 Million dollars and your variable costs run at 70% of sales, or 7 Million. Your..

  Determining the proper dollar valuation

Determining the proper dollar valuation

  Information about intermediate accounting

Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities.

  Frank erlacher an inventory control specialist is

frank erlacher an inventory control specialist is interested in better understanding the accounting for inventories.

  Journal entries for foundation formal letter

Prepare the journal entries that should be made to record the expenditure of $100,000 on activities related to the legal assistance program. Prepare the journal entries that should be made upon receipt of the $100,000 check, assuming that it was r..

  Company targets and annual after-tax income

Seton Company manufactures a single product that sells for $360 per unit and whose total variable costs are $270 per unit. The company targets an annual after-tax income of $1,620,000.

  Prepare a multi-step income statement

Prepare a multi-step income statement and a classified balance sheet in proper form using accrual accounting and all balances are as of the end of the year except Retained Earnings.

  Breakeven point in sales tickets and sales dollars

One idea that the consultant had was to reduce prices to bring in more customers. If average prices were reduced ten percent (10%), and the number of sales tickets (unit sales) increased to 7,500, would the company's income be increased? With pric..

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