What account is used to record the premium when issuing common stock? What type of account is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The account used to record the premium when issuing common stock is the Additional PaidIn C...View the full answer
Answered By
Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
When a general journal entry is used to record sales returns, the credit of the entry must be posted twice. Does this cause the trial balance to be out of balance? Explain.
-
The construction in progress account is used to accumulate all costs of construction. What additional item is included in this account when percentage-of-completion accounting is followed?
-
What accounts are used to record the purchase of inventory under perpetual and periodic inventory systems? Which method results in the inventory account being updated continually?
-
The data below are the calories and grams of sugar in some popular store bought cookies. Calories 143 Grams of Sugar 12 97 9 200 11 149 19 84 4 57 9 198 21
-
On April 29, 2011, SugarBear Company acquired equipment costing $150,000, which will be depreciated on the assumption that the equipment will be useful for five years and have a residual value of...
-
Sun Corporation became a subsidiary of Pam Corporation on July 1, 2016, when Pam paid $1,980,000 cash for 90 percent of Sun's outstanding common stock. The price paid by Pam reflected the fact that...
-
"Is there a sprinting gene?" Introduced in Example 1.5. Indicate whether the data come from an experiment or an observational study. Data From Example 1.5: Is There a Sprinting Gene? Agene called...
-
The Tire Rack, Americas leading online distributor of tires and wheels, conducts extensive testing to provide customers with products that are right for their vehicle, driving style, and driving...
-
Express as a product. log M11
-
Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H & H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the trial...
-
What is par value?
-
If stock is issued for assets other than cash, how is the transaction recorded?
-
Recognize the factors that cause competition in an industry to be fierce, more or less normal, or relatively weak.
-
A major supplier to company A offers 30 day payment terms, with a discount of 2% if the account is paid within 10 days. Company A has traditionally paid the supplier within 10 days in order to...
-
What is referred to by a financial plan that estimates revenues and expenses for a specific time period?
-
When evaluating vendors, if the price of the proposal is too low compared to the other vendors, what should you examine?
-
The Production Division started 80,000 units of production during October but had 0 units of beginning work in process at the start of the period, and total physical units to account for were 80,000...
-
Blue, Inc. earns $25M of taxable income through its U.S. operations and $10M through its wholly-owned French subsidiary. The French subsidiary did not pay any dividends to Blue during the year. What...
-
FIGURE 5.46The United States is the biggest consumer of natural gas, and the second largest natural gas producer in the world. According to the U.S. Energy Information Administration (EIA), the...
-
On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $340,200. Stinson's book value on that date consisted of common stock of $100,000 and...
-
Complete the crossword puzzle. Across: 2. Electronic linkage that allows different computers to share the same information 3. Main computer in a networked system 7. Cost-______ relationship must be...
-
Indicate whether the items described below are Inputs (I), Outputs (O), or Neither input nor output (N) of a computerized or manual accounting system. 1. Bank statement _______ _______ 2. Sales...
-
From the list below, identify the headings and the account names of LP Gas Co. Assign an account number to each account. Assets ...................................... LP, Capital Current...
-
. For each of these relations, write down all functional dependencies. If there are no functional dependencies among attributes, you must state so. Do not write down trivial functional dependencies,...
-
and b = 3. 7.3a=2*b 8.(5-a)*b <7 9.b
-
What diameter of vertical tube would allow mayonnaise (= 1,200 kg/m3) to flow under its own weight?
Portfolio Management Maximizing Returns And Managing Risk 1st Edition - ISBN: B0CGL1XGQT - Free Book
Study smarter with the SolutionInn App