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harina [27]
3 years ago
9

Clancy sells shares in Darling Pool & Spa Company to Eton. Clancy does not deliver the actual possession of the shares to Et

on, but gives him the key to a safety-deposit box in First State Bank in which the stock certificates are locked. Presenting the key is_________.a. real delivery.b. constructive delivery.c. delivery by agent .d. no delivery.
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer: constructive delivery

Explanation: In simple words, constructive delivery refers to the actions when one individual transfers the tile to other by operation of law when the actual delivery is not possible in the situation.

Such deliveries are a concern for the jury and are usually constituted by them as one needs a third party to study in detail the facts and law relating to the transfer.

Thus, from the above we can conclude that the correct option is B .

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Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transaction
natita [175]

Answer:

FINISHING TOUCHES

Balance Sheet  December 31, 2015

(Stockholders’ Equity Section)

Stockholders’ equity:

Common stock  = $100,000

Preferred stock  =  $30,000

Treasury stock  = -$5,500

Additional paid-in capital  = $3,216,000

Total paid-in capital  = $3,340,500

Retained earnings  = $63,100

(Preferred stock  = -$,30,000)

Total stockholders’ equity = $3,373,600

Explanation:

a) 100,000 Common stock issued at $35 per share with $1 par is valued at $1 in the Common Stock section while the difference $34 $(35 - 1) is taken to the Additional paid-in capital at 100,000 x $34.

b) 3,000 Preferred Stock  issued at $11 per share with $10 par is valued at $10 in the Preferred Stock while the difference $1 $(11 - 10) is taken to the Additional paid-in capital at 3,000 x $1.

c) Treasury stock is the repurchase of stock by the company.  It is a contra account to the equity accounts.  It is therefore deducted from the equity section.  Two methods exist for its treatment: the cost method and the par value treatment.  We used the par value treatment.

This involves stating the par value movements in the Treasury stock while  the additional loss or additional gain is taken to the Additional Paid-in Capital section.

On the other hand, the cost method treats the cost of repurchase in the Treasury stock.

d) Additional Paid-in Capital (APIC) account records the above par value received.  It is also where the above par value is deducted for Treasury Stock.

e) Retained Earnings represent the net income after paying dividends to common stockholders and preferred stockholders.

f) To get the total stockholders' equity, the preferred stock is deducted.  Holders of preferred stock are not equity holders.

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3 years ago
Why should "for deposit only" be written in a check along with the back account number when endorsed?
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It to help people not to get to much money in from there cheeking account
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Kendrick is highly knowledgeable about new developments in computer technology, since he reads everything he can find about the
Sedaia [141]

Kendrick as a personel who is highly knowledgeable as regards new developments in computer technology, and in all means try to explore new computer parts and models can be regarded as an Innovator in the domain of diffusion of innovation curve.

  • The innovation adoption curve can be regarded as the curve that showcase how users falls into different categories, this is usually classified as per their willingness to accept new technology or an idea.

  • Kendrick, in this case try out the new computer part with all willingness.

Therefore, Kendrick can be seen as innovator.

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brainly.com/question/24664247?referrer=searchResults

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Which of the following actions can be considered good business etiquette?
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The answer is A, switching your cell phone off before you enter a meeting.
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