Question
Zeus Corporation issued 5,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions. (a)The stock had a par value of
Zeus Corporation issued 5,000 shares of stock.
Instructions
Prepare the entry for the issuance under the following assumptions.
(a)The stock had a par value of $5 per share and was issued for a total of $65,000.
(b)The stock had a stated value of $5 per share and was issued for a total of $65,000.
(c)The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $65,000.
(d)The stock had a par value of $5 per share and was issued for land worth $65,000.
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
