Kawasaki Heavy Industries is a large Japanese company that makes ships, aircraft engines, and many other products

Question:

Kawasaki Heavy Industries is a large Japanese company that makes ships, aircraft engines, and many other products in addition to motorcycles. Its 2011 sales of ¥1,226,949 million were equivalent to $15,843 million. Kawasaki’s indicate (yen in millions):
, 1,670,646,460 shares issued in 2011
Total paid-in capital from the 2011 issue of stock......¥158,591
1. Assume all 1,670,646,460 shares had been issued at the same time at a ¥62 per share. Prepare the journal entry.
2. Is the relationship between the allocation of the total selling price between the Common Stock account and the Additional Paid-in Capital or Capital Surplus account different from what one might expect to find for a U.S. company? Explain.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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,...