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I need help with numbers 1 and 2 please. Question 1: True or false- The legal capital of a firm (account in common stock account)
I need help with numbers 1 and 2 please. Question 1: True or false- The legal capital of a firm (account in common stock account) is unaffected by a stock split. Question 2: True or false- If stock is issued with no par or stated value, then there will be no "Additional Paid-in Capital" to record.
Abbc Er 21 ABCODE AaBbCcDc Norma Emphasis Heading 1 There are only questions on this quiz each will be worth 1 25 points. 1 The legal capital of a firm (amount in Common Stock account) is unaffected by a stock split. true b. false 2. If stock is issued with no pur or stated value, then there will be no 'Additional Paid-in Capital to record true b. false 3. Napis Co. is a bon ex corporation that has never before issued any stock. The corporation has approved the issuance of 500 shares of stock with a 51 par value to John Giles in exchange for equipment professionally appraised at $900. The equipment account should be debited for S500 I b. 51.400 5900 K Cannot tell from the information given d 4 Radle Co purchased 80 shares of treasury stock for $25 per share. The company later sold the shares for $20 per share. The account Paid-in Capital from Treasury Stock currently has credit balance of Soo in it. The entry to record the sale of the shares would includes debit to Lous on Sale of Treasury Stock for 5400 credit to Treasury Stock for $2.000 K credit to Cash for $1.600 d credit to Paid-in Capital from Treasury Stock for $400 Which of the following transactions will decrease a company's equity purchase of treasury stack stack split we oftremory stock d the dividend 5 A com 10.000 shares outstanding on 171 1.000 new shares were issued on 6/1, 1.750 shares of treasury stock were purchased on 9. What is the weighted average her of bewed for the year-end aming per share calculation if necesary 1OOD 10.03 10.053 50 7 Ch 100.000 af 20 par value common stock outstanding of Jones de 20% domowe when the market value is $35 per har Al Pad Capthe recorded STO
I need help with numbers 1 and 2 please.
Question 1: True or false- The legal capital of a firm (account in common stock account) is unaffected by a stock split.
Question 2: True or false- If stock is issued with no par or stated value, then there will be no "Additional Paid-in Capital" to record.
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