A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional

Question:

A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional paid-in capital would be ________.
A. $11,985
B. $12,000
C. $15
D. $10,150

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

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

See More Books

Question Posted: Aug 16, 2022 07:39 AM

See More Questions

A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the transaction would include which of the following? A. Debit of $4,000 to common stock B. Credit of...
Issued 2700 shares of 001 par value common stock to investors for cash at 27 per share Borrowed 63000 from the bank to provide additional funding to begin operations the note is due in two years Paid...
Watts Corporation has 40,000 shares of $10 par value common stock outstanding and retained earnings of $820,000. The company declares a 100% stock dividend. The market price at the declaration is $17...
Question 4: Artistic Hand for engineering Services was formed on Jun 1, 2018. The following transactions took place during the month of Jun: I The owner invested $20,000 cash in business. 2 Hired an...
Peoria and Salem Corporations have filed consolidated tax returns for several years. For the current year, consolidated adjusted current earnings are $750,000. Consolidated preadjustment alternative...
If you were to conclude, after carefully examining data and using proper evaluation techniques, that a tax credit for attending college benefits the poor more than a tax deduction (of equal total...
How is the informal organization involved in this case? Discuss. lop5
Insurance companies and pension plans hold large quantities of bond investments. Discount Insurance Corp. purchased $2,100,000 of 6.0% bonds of Soucy, Inc., for 116 on January 1, 2012. These bonds...
1. What are two pros to working from home you feel for employees? 2. Think of two negative aspects that could come up from employees working from home? 3. Do you feel that working from home will...
A 40-m-long, 4-in. commercial steel pipe connects reservoirs A and Bas shown in Figure P4.1.6. Determine the minimum pressure (P0) that would keep the pressure head throughout the pipe positive....
The cash interest payment a corporation makes to its bondholders is based on ________. A. The market rate times the carrying value B. The stated rate times the principal C. The stated rate times the...
Nutritious Pet Food Companys board of directors declares a small stock dividend (20%) on June 30 when the stocks market value per share is $30. At that time, there are 10,000 shares of $1 par value...
Apply the effective-interest method of amortizing bond discount and bond premium.
What is Computer Programming and How to Become a Computer Programmer?
What Do Programmers Do All Day?
How Do You Become a Computer Programmer?
Introduction to Accounting - Meaning, Objectives Fundamentals of Accounting
The domain of chemical reaction engineering consists of all chemical transformations (and that includes biological) of starting materials, derived from non-renewable and renewable resources, into a...
A professor has 10 similar problems to put on a test that has 3 problems. How many different tests can she design?
A local politician is concerned that a program for the homeless in her city is discriminating against blacks and other minorities. The following data were taken from a random sample of black and...
You purchase a bond with a coupon rate of 7.6 percent and a clean price of $1,060. If the next semiannual coupon payment is due in four months, what is the invoice price?
Cavo Corp. has 6.3 percent coupon bonds making annual payments with a YTM of 7.14 percent. The current yield on these bonds is 6.95 percent. How many years do these bonds have left until they mature?
Bond P is a premium bond with a coupon of 8.4 percent. Bond D has a coupon rate of 5.6 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 7 percent, and...
Problem 1 5 - 5 ( Algo ) Lessee; operating lease; advance payment; leasehold improvement [ L 0 1 5 - 4 ] On January 1 , 2 0 2 4 , Winn Heat Transfer leased office space under a three - year operating...
Zafra and Stephanie formed an equal profit- sharing O&S Partnership during the current year, with Zafra contributing $100,000 in cash and Stephanie contributing land (basis of $60,000, fair market...
What is the Breakeven Point in units assuming a product selling price is $100, Fixed Costs are $8,000, Variable Costs are $20, and Operating Income is $32,000 ? 100 units 300 units 400 units 500 units

A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional

Question:

Step by Step Answer:

Additional paidin capital is the exc...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

Students also viewed these Business questions