1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
White raven [17]
3 years ago
8

Cricket Corp. issued, without consideration, rights allowing stockholders to subscribe for additional shares at an amount greate

r than par value, but less than both market and book values. When the rights are exercised, how are the following accounts affected?
Business
1 answer:
astra-53 [7]3 years ago
6 0

Answer:

The capital issued due to issuing of rights issues will recorded as under:

Dr Cash received

Cr Share Capital at the rate par value

Cr Share Premium at the rate (amount received per share - Par value)

Explanation:

So these are the accounts that will be affected and all the remaining accounts will not be affected.

You might be interested in
At carbon fine inc., a maker of premium art pencils, the human resource department is evaluating its pay structure. a compensati
eduard
Compa-ratio, short for comparitive ratio, is a formula used to determine competitiveness of an employees pay. A compa-ratio of 1.00 would mean the employee is making exactly the market average.  
With a ratio of 1.9, this means the designers are making twice the industry average for their job. The biggest problem this could cause would be labor costs being to much. If the company is paying 2x the market rate for their designers, they aren't staying competitive.
4 0
3 years ago
which of these line items appears on both the statement of stockholders' equity and the balance sheet?
Bad White [126]

Net income

What is net income?

Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders. Net earnings and net profit are frequently used as synonyms for net income because profit and earnings are used interchangeably for income (depending on usage in the UK and the US as well). Net income is frequently substituted with the word income, but this is not preferred owing to potential ambiguity. Because net income is often located on the last line of a company's financial statement, it is colloquially known as the bottom line (a related term is top line, meaning revenue, which forms the first line of the account statement).

To learn more about Net Income

brainly.com/question/15530787

#SPJ4

5 0
2 years ago
Uniform Supply accepted a $6,300, 90-day, 8% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Su
Dovator [93]

Answer:

Debit Cash $6,426; credit Interest Revenue $21; credit Interest Receivable $105, redit Notes Receivable $6,300.

Explanation:

Based on the information given the appropriate journal entry that Uniform Supply should make on January 15 of the next year will be:

Debit Cash $6,426

($6300+$105+$21)

Credit Interest Revenue $21

($6300*8%*15/360)

Credit Interest Receivable $105

(6300*8%*75/360)

Credit Notes Receivable $6,300

6 0
3 years ago
As a veterinarian technician, Alma offers to perform blood tests to hone her diagnostic skills, volunteers to organize the free
natka813 [3]

In this case, Alma is developing her career readiness by learning on the job.

<h3>What does job volunteers offers?</h3>

This refers to act act of doing a job or some work without being paid or forced to do it.

The main reason for offering as a job volunteers is to learn on the job.

Therefore, Alma is developing her career readiness by learning on the job.

Read more about job volunteers

<em>brainly.com/question/3604330</em>

#SPJ1

6 0
3 years ago
You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You
lukranit [14]

Answer:

d

Explanation:

by looking at the prices ,answer d is my estimated answer,im not a finance intern

4 0
3 years ago
Other questions:
  • Stock Investment Transactions On September 12, 2,000 shares of Aspen Company were acquired at a price of $50 per share plus a $2
    9·1 answer
  • Controversy seemed to follow Rivera wherever he went. In 1933, while working on a Man at the Crossroads at Rockefeller in New Yo
    13·1 answer
  • ABC Medical Technology, a fast-growing global research firm, has accumulated so much client information that conventional databa
    5·1 answer
  • EcoFabrics has budgeted overhead costs of $1,077,300. It has allocated overhead on a plantwide basis to its two products (wool a
    8·1 answer
  • is expected to pay a dividend of $2.60 and $2.24 over the next two years, respectively. After that, the company is expected to i
    7·2 answers
  • If you find yourself part of a team at work , what is the best way to behave during a team meeting ?
    6·2 answers
  • Which of the following is the correct sequence of phases in a typical population growth curve? Select one: a. stable equilibrium
    12·1 answer
  • A type of service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party
    13·1 answer
  • Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labo
    13·1 answer
  • om may 1st the bank account show a credit balance of $1000. om mayn5th a deposit of $400 is made and on May 10ty a cheque is pai
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!