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maw [93]
1 year ago
5

The entry to record the issuance of common stock at a price above par includes a credit to?

Business
1 answer:
Anton [14]1 year ago
3 0

The entry to record the issuance of common stock at a price above par includes credit to cash.

Common stock is a protection that represents ownership in a organization. In a liquidation, commonplace stockholders get hold of whatever property remain after creditors, bondholders, and favored stockholders are paid.

Common stock is a form of company fairness ownership, a kind of safety. The phrases balloting proportion and normal proportion also are used often out of doors of the us. they're called fairness stocks or regular shares inside the united kingdom and different Commonwealth nation-states.

For instance, if a employer pronounces a dividend of $10 million and there are 20 million shareholders, investors will acquire $0.50 for each commonplace share they personal.

Learn more about common stock here brainly.com/question/25765493

#SPJ4

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Gell Corporation manufactures computers. Assume that Gell​:
kkurt [141]

Answer:

$83,000

Explanation:

The computation of the actual manufacturing overhead cost is shown below:

= Indirect labor + depreciation on plant + machinery repair + plant supplies + plant utilities

= $11,000 + $48,000 + $11,000 + $6,000 + $7,000

= $83,000

Only these five items would be considered as a actual manufacturing cost. The rest of the items would be ignored

5 0
3 years ago
A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900
kolbaska11 [484]

Answer:

B) General Fund and Library Fund

Explanation:

Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.

In this case the total government funds = $26,300,000

so 10% of total funds = $26,300,000 x 10% = $2,630,000

only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.

4 0
3 years ago
Read 2 more answers
From the list that jill made for a shopping trip to the grocery store, she could recall only the items in the beginning and in t
Veseljchak [2.6K]

this is an example of semantic memory

<h3>What is semantic memory?</h3>

Semantic memory refers to general world knowledge collected by humans over the course of their lifetimes. This general knowledge is influenced by experience and culture.

You are using semantic memory when you know what an object is, the name of a color, or the name of the president. Semantic memory is critical for children and students since it allows you to recall the facts that you are learning and being evaluated on.

Semantic memory is conscious long-term memory for the world's meaning, understanding, and conceptual facts. Semantic memory is one of two types of explicit, conscious, long-term memory, which is memory that may be recovered into conscious awareness after a considerable delay (from several seconds to several minutes).

To know more about semantic memory follow the link:

brainly.com/question/4167952

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8 0
1 year ago
Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available
Marysya12 [62]

Answer:

C. $222,500 ÷ $313,500

Explanation:

Calculation for cost to retail ratio

COST

Beginning inventory $30,000

Add; Purchases $190,000

Add: Freight in $2,500

Cost $222,500

RETAIL

Beginning inventory $45,000

Add: Purchases $260,000

Add: Net mark ups $8,500

Retail $313,500

Therefore, the cost to retail ratio will be

$222,500 $313,500

5 0
3 years ago
On May 27, Hydro Clothing Inc. reacquired 75,000 shares of its common stock at $8 per share. On August 3, Hydro Clothing sold 54
marta [7]

Answer:

Journalize the transactions of May 27, August 3, and November 14.

Explanation:

                                       deb               cre

may-27 Treasury Stock            600000  

(75000*8)  

Cash                                             600000

   

ago-03 Cash                             594000  

(54000*11)  

Treasury Stock                               432000

(54000*8)  

Paid in capital for treasury stock         162000

   

nov-14 Cash                              147000  

(21000*7)  

Treasury stock                                    168000

(21000*7)  

Paid in capital for treasury stock 21000  

4 0
3 years ago
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