If a company issues 2,000 shares of common stock at a market price of $25 per...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
If a company issues 2,000 shares of common stock at a market price of $25 per share, which of the following is the correct balance sheet entry? a. Increase cash by $50,000 and increase the contributed capital section by $50,000 b. Increase cash by $50,000 and increase earned capital by $50,000 c. Decrease revenues by $20,000 d. Stock issuances are not reported on the balance sheet If a company issues 2,000 shares of common stock at a market price of $25 per share, which of the following is the correct balance sheet entry? a. Increase cash by $50,000 and increase the contributed capital section by $50,000 b. Increase cash by $50,000 and increase earned capital by $50,000 c. Decrease revenues by $20,000 d. Stock issuances are not reported on the balance sheet
Expert Answer:
Answer rating: 100% (QA)
Answer a Increase cash by 50000 and increase the contributed capital section by 50000 Rationale ... View the full answer
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
Posted Date:
Students also viewed these economics questions
-
Suppose instead that the farmer sets off one morning at 6 a.m. to bring a crop to market and arrives in town at noon. Having received a great price for her crop, she buys a new car and drives home...
-
Suppose instead that the firms in Problem 9 compete by setting quantities rather than prices. All other facts are the same. It is possible to rewrite the original demand equations as P1 = [150 -...
-
Suppose instead that the firms in Problem 9 compete by setting quantities rather than prices. All other facts are the same. It is possible to rewrite the original demand equations as P1 =...
-
V = 6V 1052 3F 1-what value will be the voltage across the capacitor after 2 times constant? 2-what value will be the voltage across the capacitor after 6 seconds? 3-when will the capacitor be fully...
-
Describe how nonprofit organizations where basic pricing principles apply differ from those nonprofit organizations where basic pricing principles may not so well apply.
-
In the event of a dispute over the enforcement of a premarital contract, do you think the agreement should be treated like an ordinary contract or do you think a court should review it for...
-
A solar collector design consists of an inner tube enclosed concentrically in an outer tube that is transparent to solar radiation. The tubes are thin walled with inner and outer diameters of 0.08...
-
You have been hired as a benefit consultant by Jean Honore, the owner of Attic Angels. She wants to establish a retirement plan for herself and her three employees. Jean has provided the following...
-
Hoteliers have been hard at work to leave a positive first impression on their valued guests for decades. It is a pivotal element of a hotel's reputation, as how guests first perceive a hotel can set...
-
Fairbanks Express is a luxury passenger carrier in Alaska. All seats are first class, and the following data are available: Number of seats per passenger train car ........... 60 Average load factor...
-
o Explain the type of compensation system you will design and what issues you foresee. o Determine whether or not you are interested in using a total rewards program and why? o Explain how your...
-
Is L'Oral using the Uppsala model to internationalize? Explain with intro + development with examples in the cosmetic field and conclusion Market (country) Mode of operation Market A Market B...
-
ohn is preparing to play football at State University, which has a nationally ranked football program. He has been offered a generous scholarship, including 5 years of free tuition, free books, and...
-
1.) Analyze and discuss the Hawthorne studies and how it contributed to the Human Relations School. 2.) Describe types of power (referent power, expert power, legitimate power, and reward power) in...
-
Provide a report for https://hydrotech-inc.ca/ providing recommendations on how they should proceed, including supporting rationale.
-
In service partnerships, if properly booked for tax purposes pursuant to Treasury Regulations under IRC 731, partners who receive so-called "draw" allowances are not deemed to receive distributions...
-
The Apollo's Chariot is a rollercoaster at Busch Gardens with a top speed of 117 km/hr. Its initial (and tallest) descent can be modeled by h(t) = 52 - 4.912, where his in meters and i is in seconds....
-
What is master production scheduling and how is it done?
-
Many equations can also be solved by repeatedly applying a discrete-time dynamical system. Compare the following discrete-time dynamical systems with the Newton's method discrete-time dynamical...
-
Consider the absolute value function g(x) = |x|. Does this satisfy the conditions for the Intermediate Value Theorem? Show that there is no tangent that matches the slope of the secant connecting x =...
-
Find the derivative of tan-1(x). If you use the identity 1 + tan2(x) = sec2(x), you can write the answer without any trigonometric functions We can use Theorem 2.13 to find the derivatives of the...
-
Give a comprehensive definition of auditing.
-
State the major changes which have occurred in auditing techniques during the last 160 years. Explain briefly how changes in technology have impacted on the changes in auditing techniques.
-
Under the provisions of the Companies Act 1985 an auditor's report must be attached to a company's financial statements. Is this true for all companies? Explain.
Study smarter with the SolutionInn App