Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional pald-in capital would be OA. $11.985 OB. $15

A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional pald-in capital would be OA. $11.985 OB. $15 OC. $10,150 OD. $12.000

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

Recommended Textbook for

Financial Accounting

Authors: Anne Britton, Chris Waterston

4th Edition

0273703609, 978-0273703600

More Books

Students also viewed these Accounting questions

Question

★★★★★

An electronics firm has production plants in Oregon and Tennessee. It ships its products overseas from three ports: Los Angeles, New Orleans, and New York. Transportation costs between plants and...

Answered: 1 week ago

Question

★★★★★

What operator usually has right associativity?

Answered: 1 week ago

Question

★★★★★

What, if any, financial support do they provide their students?

Answered: 1 week ago

Question

★★★★★

Fong Corp. reported various transactions in 20X2: a. Equipment with an original cost of $32,500 and accumulated depreciation of $26,000 was deemed unusable and was sold for $250 scrap value. b. A new...

Answered: 1 week ago

Question

★★★★★

Wage and tax statement data on employer FICA tax 0 . 8 % on the first $ 1 0 , 0 0 0 of each employee's earnings, and ( e ) total. Round your answers to two decimal places. ( a ) ( b ) ( c ) ( d ) q ,...

Answered: 1 week ago

Question

★★★★★

Assumed from the Production Accounting example the following: Tyler Oil Company owns 100% of the working interest in the above lease. Alex Walker owns a 1/8 royalty interest in the lease. The sales...

Answered: 1 week ago

Question

★★★★★

Lemon Laws" are meant to: Group of answer choices decrease consumer confidence in the purchasing of cars. make selling cars less profitable for dealers. increase consumer confidence in the purchasing...

Answered: 1 week ago

Question

★★★★★

Refer to the table below to answer the following question Table 1: Production Possibilities for Simon's simple factory Nuts (units per day) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Bolts (units...

Answered: 1 week ago

Question

★★★★★

Match the communication methods with their corresponding advantages in the table below: Table of communication methods and descriptions. Method A: Increases flexibility and reduces pressure. Method...

Answered: 1 week ago

Question

★★★★★

A. Patrimonio is a stockholder of ABC, Inc. which has 30,000 shares outstanding and 50,000 shares of authorized capital stock. There are eleven seats in the board of directors. 7. How many shares and...

Answered: 1 week ago

Question

★★★★★

28 S Sol-Motors is the only auto manufacturer in West Lidia, a country that prohibits the importation of cars. The graph below shows the demand and the costs for Sol-Motors. Costs and revenues (in...

Answered: 1 week ago

Question

★★★★★

Understand the role of human resources in maintaining and safeguarding personnel files

Answered: 1 week ago

Question

★★★★★

Appreciate the power of employee participation and involvement in avoiding potential problems

Answered: 1 week ago

Question

★★★★★

Know the parameters governing access to employee personnel records, including the special status of employee health records

Answered: 1 week ago

Previous Question Next Question