Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84.000. The entry

A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84.000. The entry to record this transaction would include Multiple Choice Acredit to Land for $60.000 A credit to Paid in Capital in Excess of Par Value. Common Stock for $24,000 Acredit to Common Stock for $84.000 Arbit to Common Stock for $60.000 Adehitta Land for $60.000

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

Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer

Authors: Martin E. Persson

1st Edition

1789736706, 9781789736700

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. Write each of the following with an exponent and with the variable in the numerator. (a) (x (b) 3(x2 (c) 1/ 4(x 2. Write each of the following in radical form. (a) x3/7 (b) x-1/2 (c) -x3/2

Answered: 1 week ago

Question

★★★★★

Determine the nominal rate of interest if the periodic rate is: a. 1.5% per month. b. 1.5% per quarter. c. 1.5% per half year.

Answered: 1 week ago

Question

★★★★★

f. What subspecialties and specializations does the person list?

Answered: 1 week ago

Question

★★★★★

On November 1, 2015, Aviation Training Corp. borrows $60,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 7% note payable. Interest is payable at maturity. Aviations...

Answered: 1 week ago

Question

★★★★★

In economics, the multiplier effect refers to the fitct that when there is an injection of money to consumers, the consumers spend a certain percentage of it. That amount recirculates through the...

Answered: 1 week ago

Question

★★★★★

Problem 4. Estimate the diffusion coefficient of a muture of air and water vapor at 17,21,44 and 59C. a) Using the Chapman-faskeg theory and the Fuller, Schestler and Giddings methed. b) Using the...

Answered: 1 week ago

Question

★★★★★

13. Which stress value(s) will be nonzero at location J? A. Ozz B. Oyy X C. Ozz D. y E. Ozz F. Oyz X y A M Cross Section at A-A Y Z A B 0/1 points

Answered: 1 week ago

Question

★★★★★

Question on setting up supplier records(Q=115.F.M.CS.S.Q1) After you have finished setting up the supplier records for Hi-Fi Way, Edgar asks you to perform the following steps in MYOB and then...

Answered: 1 week ago

Question

★★★★★

Which forms of speculation or postponement is each of the following? (Explain in full) 1) A computer hardware company is producing parts of the computer and ship. them to market but only assemble...

Answered: 1 week ago

Question

★★★★★

Identify and describe the most possible generic strategy (ies) followed by your corporation. Mention the evidence you find from the corporate site. Use the industry analysis (Five Forces of Porter...

Answered: 1 week ago

Question

★★★★★

10 You are working through negotiations with stakeholders of your project and want to find ways to more effectively influence. What are the four steps to effective influence according to Dr. Jay...

Answered: 1 week ago

Question

★★★★★

Describe several uses for a position description.

Answered: 1 week ago

Question

★★★★★

Why is the statement, Job descriptions are written for positions, not people important?

Answered: 1 week ago

Question

★★★★★

In addition to actual duties performed, what other information is contained in a properly prepared position description? Why is it included?

Answered: 1 week ago

Previous Question Next Question