Boston Shipping Corporation issued 30,000 shares of common stock, $ 5 par value in exchange for equipment

Question:

Boston Shipping issued 30,000 shares of common stock, $ 5 in exchange for equipment with a fair market value of $ 187,250. Prepare a schedule of noncash investing and financing transactions for Boston Shipping Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...