Bressler, Corp., issued 6,000 shares of no-par common stock for $14 per share. Requirements 1. Record issuance
Question:
Bressler, Corp., issued 6,000 shares of no-par common stock for $14 per share.
Requirements
1. Record issuance of the stock if the stock:
a. is no-par stock
b. has a stated value of $9 per share
2. Which type of stock issuance results in more total paid-in capital?
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Req 1 Journal DATE ACCOUNTS POST Dr Cr REF a Cash 6000 shares x 14 84000 Co...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Dates, Corp., issued 4,000 shares of no-par common stock for $9 per share. Requirements 1. Record issuance of the stock if the stock a. is true no-par stock and b. has stated value of $2 per share....
-
(Multiple-Choice) 1. Which of the following is a characteristic of a corporation? a. No income tax b. Mutual agency c. Limited liability of stockholders d. Both a and b 2. Home Team, Inc., issues...
-
Yardin, Corp., issued 1,000 shares of no-par common stock for $12 per share. Requirements 1. Record issuance of the stock if the stock a. is a no-par stock and b. actually has a stated value of $9...
-
print_list Favorite Language/Type: Author: Write a function named print_list that accepts a list of integers as a parameter and prints them, one per line, in the format shown. Your code should work...
-
A uniform rectangular plate is suspended from a pin located at the midpoint of one edge as shown. Considering the dimension b constant, determine (a) The ratio c/b for which the period of oscillation...
-
The last 30 boat rentals at Green Lakes Boat Rentals were 14 sunfish, 10 kayaks, and 6 rowboats. Use this information to determine the empirical probability that the next boat rental is a (a)...
-
Suppose that a forward contract on an asset is written at time zero and there are \(M\) periods until delivery. Suppose that the proportional carrying charge in period \(k\) is \(q S(k)\), where...
-
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material ..................................................................$2,100,000...
-
Consider the following system of equations: x-y=2 x+y=4 2x + y = 8 How many solutions exist for the above system of equations? If a solution exists, find one, if not, determine the least squares...
-
X Ltd. has 10 lakhs equity shares outstanding at the beginning of the accounting year 2016. The appropriate P/E ratio for the industry in which D Ltd. is 8.35. The earnings per share is Rs. 15 in the...
-
The charter for Zealax, Inc., authorizes the company to issue 250,000 shares of $3, no-par preferred stock and 950,000 shares of common stock with $8 par value. During its start-up phase, Zealax,...
-
Vischten Co. recently organized. The company issued no-par common stock to an attorney in exchange for his patent with a market value of $64,000. In addition, Vischten Co. received cash for 5,000...
-
In each of the following balanced oxidation-reduction equations, identify those elements that undergo changes in oxidation number and indicate the magnitude of the change in each case. (a) I2O5(s) +...
-
International accounting classification systems are, by their very nature, simplistic. Discuss.
-
Is financial accounting really necessary?
-
Explain for whom international differences in financial reporting are a problem. Describe any ways you know about in which those who face such problems are dealing with them.
-
Explain the concepts of: a. subsidiary; b. joint venture; c. associate; d. an investment that is none of the above. Outline and discuss the usual approaches to the accounting treatment in each case...
-
Explain the various possible advantages that a number of sole traders might obtain by joining together as a partnership.
-
Reflect on Wright and Snells fit/flexibility model (see Figure 2.5). How might an HR professional facilitate flexibility?
-
The graph of the sequence whose general term is an = n - 1 is which of the following? [8.1] A. B. TITTT 3-2-1 23.45 2.3.4
-
What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported in the financial statements?
-
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Seventy thousand shares of common stock are authorized, and 7,500 shares have been reacquired....
-
The following accounts and their balances were selected from the unadjusted trial balance of REO Inc., a freight forwarder, at October 31, the end of the current fiscal year: Preferred 2% Stock, $100...
-
a) Give examples of low, medium and high strain rate test types. [4 marks] b) A plot of log (stress) against log (strain rate) provides a straight line relationship. Based on this, provide an...
-
3- Let the density of the pyramid material be p = 2000 kg/m. Determine the average normal stress at a cross section located at x measured from the apex. Express the stress as a function of x. Assume...
-
You are designing a wing with no aerodynamic twist based on the airfoil camber given by: N C 3.1 (H-H) = 0.1 The wing will have an aspect ratio of 10, a taper ratio of 0.8, and a constant geometric...
Study smarter with the SolutionInn App