FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the issue of 4 0 0 0 shares for no power common stock to its promoter in exchange for their efforts estimated to be

Record the issue of 4000 shares for no power common stock to its promoter in exchange for their efforts estimated to be worth 58,000 the stock had a one dollar per share stated value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Cost Accounting An Introduction To Cost Management Systems

Cost Accounting An Introduction To Cost Management Systems

Authors: Philip Jagolinzer

1st Edition

0324015828, 978-0324015829

More Books

Students also viewed these Accounting questions

Question

★★★★★
How much is $75 after an increase of 75%?

Answered: 1 week ago

Question

★★★★★
Explain the concept of environmental ethics.

Answered: 1 week ago

Question

★★★★★
However, if her friend Irene, who is a shopaholic, goes with her, then she tends to buy more items, so that the number of purchased items still has a Poisson distribution but with a new rate ????2 =...

Answered: 1 week ago

Question

★★★★★
The November 30 bank statement of Donald Engineering Associates has just arrived from Kansas First Bank. To prepare the Donald bank reconciliation, you gather the following data: a. Donalds Cash...

Answered: 1 week ago

Question

★★★★★
For 2020, the Guess Trust retains all of its income items, which include only $222,400 of net investment income and $66,750 of profits from an active business operation. Round your answer to the...

Answered: 1 week ago

Question

★★★★★
objectives, expectations and desired outcomes. Complete the form below after your conversation. WHO ARE THE TEAM MEMBER? (NAMES AND ROLES ) WHAT ARE THE WORKING OBJECTIVES, EXPECTATIONS AND DESIRED...

Answered: 1 week ago

Question

★★★★★
2. A local charity is selling one thousand raffle tickets at $1 a piece. The grand prize is $250, with two second prizes of $100, and five third prizes of $50. Part A: Fill in the probability...

Answered: 1 week ago

Question

★★★★★
0 = are length -19m 0=? radius of the circle = 7m rad. Round your answer to two decimal places.

Answered: 1 week ago

Question

★★★★★
Elmwood City incurred the following transactions during the year. Use the lines provided below and on the following pages to prepare journal entries to record each transaction and identify the fund...

Answered: 1 week ago

Question

★★★★★
3. (20 points) Consider a circular dart board with radius 1 that is inscribed in a square frame: (-1,1) (-1,-1) (1,1) (1,-1) Suppose you throw n independent darts at random into the square frame and...

Answered: 1 week ago

Question

★★★★★
your answer: Y1 2t2 = Y2 = t Which function(s), if any, are solutions to 2t2y" + 3ty' - y = 0? Be sure to briefly justify

Answered: 1 week ago

Question

★★★★★
Describe a typical technical skills training program

Answered: 1 week ago

Question

★★★★★
Understand the professional development and education practices common in many organizations

Answered: 1 week ago

Question

★★★★★
Define coaching and performance management, and explain the need for such activities in organizations

Answered: 1 week ago

Previous Question Next Question