Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a. 14. StartupAndFly is authorized to issue up to 5 million shares. At the formation of the company, before any of the three founders contribute
a. 14. StartupAndFly is authorized to issue up to 5 million shares. At the formation of the company, before any of the three founders contribute money to the venture, how many shares should SAF issue to each founder, and why? [be sure to recommend an exact number). b. The founders find an investor willing to contribute the first $100,000 to the company, for 30% of the company. i. The investor claims that she is an accredited investor. What do we know about her? ii. Where on the income statement will the $100,000 that SAF receives from the investors be entered? a. 14. StartupAndFly is authorized to issue up to 5 million shares. At the formation of the company, before any of the three founders contribute money to the venture, how many shares should SAF issue to each founder, and why? [be sure to recommend an exact number). b. The founders find an investor willing to contribute the first $100,000 to the company, for 30% of the company. i. The investor claims that she is an accredited investor. What do we know about her? ii. Where on the income statement will the $100,000 that SAF receives from the investors be entered
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started