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
Which of the following statements concerning ideal standards is incorrect?
lbvjy [14]

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

8 0
3 years ago
During the month of March, Munster Company's employees earned wages of $64,000. Withholdings related to these wages were $4,896
STALIN [3.7K]

Answer:

A) March 31 journal entries for wages expense and wages payable

  • Dr Salaries and Wages Expense account 64,000
  • Cr FICA Taxes Payable account 4,896
  • Cr Federal Income Tax Payable account 7,500
  • Cr State Income Tax Payable account 3,100
  • Cr Union Dues Payable account 400
  • Cr Salaries and Wages Payable account 48,104

B) March 31 journal entries for company's payroll tax expenses

  • Dr Payroll Tax Expense account 5,596
  • Cr FICA Taxes Payable account 4,896
  • Cr State Unemployment account 700

8 0
3 years ago
Pay your Taxes :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
horrorfan [7]

Answer:

do you need help with that or are you saying that

Explanation:

7 0
3 years ago
Read 2 more answers
Some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obta
Norma-Jean [14]

Answer:

Masters

Explanation:

A Bachelor's degree refers to an academic degree (certificate) awarded to a student by a tertiary institution (university or college) after the completion of his or her educational programme. Bachelor's degree is generally being referred to as first degree because it is the first certification to be acquired by an undergraduate student after the completion of his or her course of study. Mostly, a bachelor’s degree program lasts for four (4) years and in some cases it is typically for five (5) years.

The second (next) degree a graduate obtains after the acquisition of a first degree (bachelor degree) is the master's degree. The advantage of a master degree is that, it can be obtained in a different academic field such as science, engineering, education etc.

Hence, some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obtain a masters in a different degree like marketing.

5 0
2 years ago
Read 2 more answers
You manage a risky portfolio with an expected rate of return of 22% and a standard deviation of 35%. The T-bill rate is 6%. Your
muminat

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
5 0
3 years ago
Other questions:
  • Alden is beginning to learn how to write. he can hold a pencil in one hand and steady the paper with his other hand. this new ab
    9·1 answer
  • Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon
    6·1 answer
  • Florida law states that a vessel operator involved in an accident must report the accident if property damage exceeds what amoun
    9·1 answer
  • Horizontal analysis of income statements a.shows individual revenue and expense items as a percentage of net income. b.shows cha
    11·2 answers
  • The added value that a certain product has by virtue of its brand name (in other words, the value of the product with a brand ma
    10·1 answer
  • Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
    10·1 answer
  • CBA Company reported total stockholders' equity of $76,000 on its balance sheet dated December 31, 2018. During the year ended D
    11·1 answer
  • Why is it important for business professionals to take an active role in developing and managing information systems? A. They kn
    8·1 answer
  • Who is national debt most unfair to?
    8·1 answer
  • Trespass to land is committed if, without the permission of the property owner, a person
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!