When stock traded on an active exchange is issued for a PP&E: Paid-in capital is increased by

Fantastic news! We've Found the answer you've been seeking!

Question:

When stock traded on an active exchange is issued for a PP&E:

Paid-in capital is increased by the appraised value of the PP&E.

An asset is recorded for the fair value of the stock.

An asset is recorded for the appraised value of the PP&E.

No entry is recorded until restrictions are lifted.

Related Book For answer-question

Elements Of Chemical Reaction Engineering

ISBN: 9780135486221

6th Edition

Authors: H. Fogler

See More Books

Posted Date: Jan 29, 2024 07:18 AM

See More Questions

Gao Limited, a publicly traded company, uses IFRS and had the following events and transactions occur in its fiscal year ending October 31, 2017. Although no dates are given, the events described are...
On January 1, 2018, Essence Communications issued $800,000 of its 10-year, 8% bonds for $700,302. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31....
Gao Limited, a publicly traded company, uses IFRS and had the following events and transactions occur in its fiscal year ended October 31, 2020. Although no dates are given, the events described are...
Vicky's income for 2020-21 consists of her UK salary of 50,270 and rents from overseas property (net of 30% withholding tax) of 3,500. Vicky is UK resident in 2020-21 and she is not a Scottish...
1. What is meant by the ground state of an atom? (a) All of the quantum numbers have their lowest values (n = 1, = m = 0). (b) The principal quantum number of the electrons in the outer shell is 1....
The following are the major balance sheet classifications: Current assets (CA) Long-term investments (LTI) Property, plant, and equipment (PPE) Intangible assets (IA) Match each of the following...
What would happen to the SML graph in Figure 8.8 if expected inflation increased or decreased? Figure 8.8 268 269 270 271 272 273 274 275 A Required Rate of Return TH-13.0% SML: r, RF+RPM * b D E F H...
Computing Bad Debts and Preparing Journal Entries the trial balance before adjustment of Estefan Inc. shows the following balances. Give the entry for estimated bad debts assuming that the allowance...
You have just been named Director of Data Administration of General Hardware Co. General Hardware maintains a large central IS organization with several operational relational databases at its...
How would a policy of sustainable HR similar to that of Life+Style affect the chances that employees would explore union representation? (LO 7) chapter 14. Source: Textbook Fundamentals of Human...
After reading the article "Television and the Decline of Deference" what does "deference" mean? Are we currently a society without much "deference" -- and that mass media has played a major role in...
Discuss how the health care external environment differs from that faced by the average U.S. company. Explain this in terms of both the industry and macroenvironment levels ?
In the Case: Great Western Hospital: High-risk Pregnancy Care What risk issues that are confronting the hospital.? What options they had to "manage" those risk issues ? And which of those options...
1. Why do you think people are so motivated to come up with attributions for behavior? 2. Can you think of a situation when you have committed the error of over attribution with someone? What...
The three types of face needsfellowship face, competence face, autonomy facewhich is the most important to you? Under what circumstances do the others become more important? Can you think of a...
India enterprises pvt ltd, a mid sized chemical company is planning to sell partial equity to a private equity investor to raise funds for its business needs. The firm is a closely held entity with...
The Ranch 888 Noodle Company sells two types of dried noodles:ramen, at $6.50 per box, and chow fun, at $7.70 per box. So farthis year, the company has sold a total of 110,096 boxes ofnoodles,...
Download the Interactive Computer Games (ICG) from the CRE Web site (http://www.umich.edu/~elements/6e/icm/tictac.html). Play the game and then record your performance number, which indicates your...
Derive an equation for the time necessary to completely burn a 100 m carbon particle as a function of D 0 . Also calculate the burning rate constant. Use the KS values of the parameter values, for...
The irreversible first-order (wrt partial pressure of A) gas-phase reaction A B is carried out isothermally in a fluidized catalytic CSTR containing 50 kg of catalyst. Currently, 50% conversion is...
What can a multinational firm do to reduce the level of stress that expatriates may feel as a result of real or perceived terrorist threats? Explain. One of the concomitants of international...
Form an even number of teams of five members each, with one pro team and one con team working for the same university. The pro team is asked to defend the advantage of opening a branch campus, while...
Research some recent articles dealing with the recent push by U.S. universities to start training foreign students abroad. Based on what you have read, what would you conclude in terms of the...

When stock traded on an active exchange is issued for a PP&E: Paid-in capital is increased by

Question:

Expert Answer:

The detailed answer for the above question is provided below The correct answer is An asset is recor... View the full answer

Elements Of Chemical Reaction Engineering

Students also viewed these accounting questions