Question: Brown Corporation issues 800 shares of its 5 par common
Brown Corporation issues 800 shares of its $5 par common stock for $20 per share. Prepare the journal entry to record this transaction.
Answer to relevant QuestionsHeart Corporation entered into a subscription contract with several subscribers. The contract requires the subscribers to purchase 2,000 shares of $4 par common stock at a price of $20 per share. The contract requires a down ...On January 1, Year 1, Salt Lake Corporaton grants stock appreciation rights to its CEO. Under the plan, the CEO will receive cash for the difference between the quoted market price over a $50 option price for 1,000 shares of ...On January 1, 2009, as a form of executive compensation, Wadlin Corporation grants share appreciation rights to Robert Brandt. These rights entitle Brandt to receive cash equal to the excess of the quoted market price over a ...Given the following year-end information for Star Corporation, compute its basic earnings per share.• Net income, $13,000.• Preferred dividends declared, $4,000• Weighted average common shares for the year, 4,500.Given the following current year information, calculate Gold Corporation’s retained earnings balance on December 31.• Net income ............... $10,000• Common stock dividends declared ..... 3,200• Retained ...
Post your question