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Lisa [10]
2 years ago
14

Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se

tting up the new company. The entry for the issuance of the stock is a
a. debit to paid-in capital in excess of Par-Common for $100
b. debit to Common Stock for $800
c. credit to Common Stock for $800
d. credit to Common Stok for $900
Business
1 answer:
Harlamova29_29 [7]2 years ago
6 0

The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.

<h3>What is a journal entry?</h3>

The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about journal entry here:

brainly.com/question/20421012

#SPJ1

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6 0
1 year ago
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Dennis_Churaev [7]

Answer:

The answer is: Compensatory damages

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4 0
3 years ago
To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren
Svet_ta [14]

Answer:

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Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

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ANSWER – TRUE

 

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