Wonder Spring Water Company recently employed a consultant to revise its production and distribution procedures. In order

Question:

Wonder Spring Water Company recently employed a consultant to revise its production and procedures. In order to compensate the consultant, Wonder issued 1,000 shares of its $ 1 common stock. Wonder’s shares are not publicly traded but the board of directors has estimated their value at $ 45 per share. The consulting firm billed other clients $ 34,500 for similar services in recent transactions. Prepare the journal entry required to record the transaction. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...