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

Question

1 Approved Answer

When a corporation issues its ordinary shares in payment for services, the most appropriate bours for recording the transaction is the tof estion Select one:

image text in transcribed
When a corporation issues its ordinary shares in payment for services, the most appropriate bours for recording the transaction is the tof estion Select one: O a. None of these provides an appropriate basis for recording the transaction O b. fair value of the shares issued. O c par value of the shares issued. d. fair value of the services received

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

Margins Of Error In Accounting

Margins Of Error In Accounting

Authors: D. Myddelton

1st Edition

0230219918, 9780230219915

More Books

Students also viewed these Accounting questions

Question

★★★★★
The next dividend payment by ECY, Inc., will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 5.5 percent, forever. If the stock currently sells for $53.10 per share,...

Answered: 1 week ago

Question

★★★★★
A company reports the following selected information: Beginning Finished Goods Inventory Ending Finished Goods Inventory $ 22,500 21,000 Cost of Goods Manufactured Beginning Raw Materials Inventory...

Answered: 1 week ago

Question

★★★★★
Differentiate between ethical and unethical multiple relationships for clinical psychologists.

Answered: 1 week ago

Question

★★★★★
Atlantic Pacific Corporation was organized on September 1, 2011, with authorized capital stock of 150,000 shares of 7% cumulative preferred stock with a $40 par value and 1,200,000 shares of no-par...

Answered: 1 week ago

Question

★★★★★
This is an actuarial science question, A loan of 1500 is paid over 6 years at effective rate 7% with five payments of 300 and a final bigger payment. Calculate the bigger payment. At time t=2, an...

Answered: 1 week ago

Question

★★★★★
have no idea with this. is there any points need to be included when answer In May 2016 US pharmaceutical company Pfizer Inc. announced it would no longer supply US state authorities with the drugs...

Answered: 1 week ago

Question

★★★★★
yellow boxes NAME Suppose you administer a certain aptitude test to a random sample of 9 students in your school, and that the average A new sneaker claims that it can make male athletes jump higher....

Answered: 1 week ago

Question

★★★★★
You have a firm that starts out with $70,000 in cash in the bank. You have three investment opportunities. You can undertake any or all of these investment opportunities, but you may only invest in...

Answered: 1 week ago

Question

★★★★★
Base on the diagram 2a, what is the MySQL version? Wireshark - Follow HTTP Stream (tcp.stream eq 4).SQL_Lab.pcap ID: 1 or 1-1 union select null, version ()# First name: admin Surname: admin ID: 1' or...

Answered: 1 week ago

Question

★★★★★
All doctors have advanced medical degrees. No employees in Clinic C have advanced medical degrees. Based on the information above, which of the following statements CANNOT be true?...

Answered: 1 week ago

Question

★★★★★
You have created a launcher that can launch golf balls with a velocity of 24 m/s [40 above horizontal]. Theshooter is located at a height of 2.0 m above the ground and a distance of 25 m from a wall...

Answered: 1 week ago

Question

★★★★★
5.14 A contractor submits a bid on a project for which more research and development work needs to be done. It is estimated that the total cost of satisfying the project specifications will be $20...

Answered: 1 week ago

Question

★★★★★
Silver Star, Inc., has a number of stores in major metropolitan shopping centers. The companys sales experience indicates that daily cell phone sales in its stores follow a normal distribution with a...

Answered: 1 week ago

Question

★★★★★
A client has an investment portfolio whose mean value is equal to $1,000,000 with a standard deviation of $30,000. He has asked you to determine the probability that the value of his portfolio is...

Answered: 1 week ago

Previous Question Next Question