Question: Carter Inc issued 100 000 shares of 1 par value common
Carter, Inc., issued 100,000 shares of $1 par value common stock on December 1, 2013. On that date, the market price of the shares was $18 per share. What journal entry did Carter record to reflect this transaction?
Answer to relevant QuestionsThe income statement of AutoCo, a U.S. automotive manufacturer, reported revenues of $207,349, cost of sales of $164,682, other operating expenses, including income taxes, of $50,335, and net financing income, after taxes, ...On September 30, 2014, Homing Corporation issued 500,000 shares of $0.10 par value common stock. The market price of the shares on this date was $30 per share. What journal entry did Homing record to reflect this transaction?Symantec has convertible bonds outstanding with a face value of $10,000,000 and a carrying value of $10,255,000. Holders of the bonds convert them into 100,000 shares of $10 par value common stock. The common stock sells for ...Calculating earnings per share. The following information pertains to Hatchet Limited for the years ended December 31, 2012 and 2013:Calculate the missing amounts in the above table:a. Net income, 2012.b. Weighted average ...On January 1, 2013, assume that Levi Strauss opened a new textile plant to produce synthetic fabrics. The plant is on leased land; 20 years remain on the nonrenewable lease.The cost of the plant was $20 million. Net cash ...
Post your question