Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

Calculating the Number of Shares Issued Castalia Inc. issued shares of its $3.50 par value common stock on September 4, 2013, for $9.45 per share.

Calculating the Number of Shares Issued

Castalia Inc. issued shares of its $3.50 par value common stock on September 4, 2013, for $9.45 per share. The Additional Paid-In CapitalCommon Stock account was credited for $464,100 in the journal entry to record this transaction.

Required:

How many shares were issued on September 4, 2013?

shares

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 For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

4th Edition

9781934319345

More Books

Students also viewed these Accounting questions

Question

★★★★★

Determine the maximum allowable uniform heat flux that may be imposed at a wall heating panel 1 m high if the maximum temperature is not to exceed 37C when the ambient air temperature is 25C.

Answered: 1 week ago

Question

★★★★★

Why is the confidence interval for the relative risk based on the large sample sampling distribution of ln(RR) rather than the sampling distribution of RR?

Answered: 1 week ago

Question

★★★★★

Recently, Pacific Cellular ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area...

Answered: 1 week ago

Question

★★★★★

The Government of the Republic of Trinidad and Tobago (GORTT), through the National Investment Fund Holding Company Limited, issued three (3) bonds with maturity dates of 5 years, 12 years and 20...

Answered: 1 week ago

Question

★★★★★

Correcting Entries The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors a. The receipt of $7,550 for services rendered was...

Answered: 1 week ago

Question

★★★★★

the Continuous Loop Model (paper posted in Modules), consider how or if this approach might be used to improve a value stream or project where you work or an organization you know well. How could you...

Answered: 1 week ago

Question

★★★★★

Market research is vital to sustainable export success in analysing international markets. It is a process that can help you avoid costly expansion mistakes and identify extraordinary business...

Answered: 1 week ago

Question

★★★★★

To learn more about the role of a supervisor, you will interview someone in a supervisory position; your selection cannot be yourself or someone in the class. Identify someone you think is an...

Answered: 1 week ago

Question

★★★★★

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago

Question

★★★★★

The magnitude and direction of two forces acting on an object are 50 pounds, S73E, and 110 pounds, N71E, respectively. Find the magnitude, to the nearest hundredth of a pound, and the direction...

Answered: 1 week ago

Question

★★★★★

What are the advantages and disadvantages of an MBO program?

Answered: 1 week ago

Question

★★★★★

Does giving praise really motivate employees, or do they view it as a means of getting them to do more work?

Answered: 1 week ago

Question

★★★★★

Some people say that reinforcement theory is a means of manipulating employees to do what the company wants them to do. Do you agree? Is the use of reinforcement theory ethical?

Answered: 1 week ago

Previous Question Next Question