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...
-
Determine the solution of the equation 2 cosx - 0.5x = 1.
-
Show that for a one-particle system, Eqs. 9.14 and 9.18 both reduce to Eq. 9.9. Equations W (F)Ax (constant forces exerted on particle, one dimension). (9.9)
-
On November 1, 2012, Chris purchased all the issued shares of Transtek Inc. from an acquaintance, Tom. Transtek carries on a transmission repair business and has done so since its incorporation on...
-
(a) A company has an EPS of Rs. 2.5 for the last year and the DPS of Rs. 1. The earnings is expected to grow at 2% a year in long run. Currently it is trading at 7 times its earnings. If the required...
-
If for a binary solution one starts with an expression for M (or M R or M E ) as a function of x 1 and applies Eqs. (10.15) and (10.16) to find M 1 and M 2 (or M R 1 and M R 2 or M E 1 and M E 2 )...
-
What is par value?
-
If stock is issued for assets other than cash, how is the transaction recorded?
-
In Exercises sketch the space curve and find its length over the given interval. Vector-Valued Function r(t) = -3ti + 2tj + 4tk Interval [0, 3]
-
Q1: If you were to compare Indian and Chinese institutions, what conclusions would you reach about the economic future of the two countries? How do they differ from the developed countries we have...
-
Find the domain of the function g(x) = loga (x - 64) D= U
-
Which type of policy would extend coverage for liability claims that are brought over a policy period, even if the liable action occurred at a earlier date? Why give reason
-
Discuss the costs and benefits, or the political economics, of capitalism on human lives and the environment. Incorporate what was learned in the relevant chapters, such as Risks and Hazards, The...
-
Two charges are set on the x-axis 16.2 cm away from each other. The charges are -9.90 nC and 20.9 nC. Calculate the electric potential at the point on the x-axis where the electric field due to these...
-
Determine the taxable income of each of the following dependents in 2021: a. Louis is 12 and receives $1,250 in interest income. b. Jackson is 16. He earns $2,050 from his newspaper route and...
-
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...
-
Discuss the incident response steps and the recovery strategy and phases.
-
Compare and contrast planning and innovation with citation and references.
-
How are the tools used for planning, monitoring, and reporting in Six Sigma?
Portfolio Management Maximizing Returns And Managing Risk 1st Edition - ISBN: B0CGL1XGQT - Free Book
Study smarter with the SolutionInn App