Answer:
Dr Land $168,500
Cr Common stock $67,400
Cr Paid in capital in excess of par common stock $101,100
Explanation:
Preparation the journal entry to record the acquisition of the land.
Dr Land $168,500
(3,370shares *$50per share)
Cr Common stock $67,400
(3,370 shares*$20par value)
Cr Paid in capital in excess of par common stock $101,100
($168,500-$67,400)
(Being to record the acquisition of the land)
Answer:
The correct answer is option B.
Explanation:
The maturity value of the bond is $700,000.
The bond is issued for $715,000.
The life of the bond is 10 years.
The interest rate is 10%.
The total life expense will be
= 
= 
= $700,000 - $15,000
= $685,000
The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.
<h3>What is express authority?</h3>
This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.
Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.
Find out more on express authority at brainly.com/question/15008947.
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