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Leona [35]
4 years ago
12

Alma Corp. issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are mad

e to:
a. Common Stock $16,000.
b. Common Stock $10,000 and Paid-in Capital in Excess of Par Value $6,000.
c. Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $6,000.
d. Common Stock $10,000 and Retained Earnings $6,000.
Business
1 answer:
matrenka [14]4 years ago
4 0

Answer:

The correct answer is Option is B.

Explanation:

The par value of shares is simply the stated value of shares in the company's books, as set out in the company's charter.

The full necessary journals to record the above transactions are:

Debit Cash (1,000 x $16)                                                      $16,000

Credit Common stock (1,000 x $10)                                    $10,000

Credit Paid-in capital in excess of par value - common      $6,000

<em>(To record issuance of common stock)</em>

So, the correct option is B.

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If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, pho
alukav5142 [94]

The complete question should be:

If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, phone number, and e-mail in order to participate, the radio station is:

A.) Offering an exchange.

B.) Hoping to receive feedback.

C.) Overstepping its role.

D.) Implementing a CRM program.

E.) Behaving unethically.

Answer: Offering an exchange.

Explanation:

The radio station is giving their users an offer in the form of an exchange, where a prize is to be won in exchange for personal data submitted by their users. An exchange takes place between two or more individuals, where each individual gives away an item to receive another.

6 0
3 years ago
A moose is considered to be a consumer because it
Andrej [43]
Because it only eat plants, who are primary producers.
7 0
4 years ago
Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe
Marrrta [24]

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

8 0
3 years ago
Jessica and her friends are 16 years old like to shop at Aeropostale, which is a clothing store targeted to teens and young adul
slavikrds [6]

Answer:

B) social surroundings

Explanation:

Based on the information provided within the question it can be said that the other individuals present in the store represent the social surroundings. This term refers to all the individuals that make up an environment, including kids, parents, teenagers, employees, customers, etc. In this situation it is all the human individuals that within Aeropostal.

3 0
3 years ago
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 sh
charle [14.2K]

Answer:

Ms. Fresh loss will be $800 and Basis in new shares is $3,950

Explanation:

Her Loss on sale of stock would be computed as:

Loss = Sale Value - Purchase price

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        = ($800)

As she repurchased the IBIS stock within the expiry of 30 days, she is not allowed to deduct the LTCL (Long Term Capital Gain ) from gain. So, LTCL will be $0.

The basis in new shares is computed as:

Basis = Previous loss + Price paid

= $800 + $3,150

= $3,950

6 0
3 years ago
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