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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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You are a shareholder in an S corporation. The corporation earns $2.31 per share before taxes. As a pass-through entity, you wil
geniusboy [140]

Answer:

$1.50

Explanation:

Calculation for How much per share is left for you after all taxes are paid

Using this formula

Amount per share left= Amount per share-(Amount per share× marginal tax rate

Let plug in the formula

Amount per share left=$2.31-($2.31×35%)

Amount per share left=$2.31-0.8085

Amount per share left=$1.50

Therefore How much per share is left for you after all taxes are paid will be $1.50

6 0
3 years ago
MAX Electronics produces tiny wireless speakers that can be used with computers and MP3 players. The firm has built new factorie
faust18 [17]

Answer:

maturing

Explanation:

Based on the information provided within the question it can be said that Max Electronics is most likely in the maturing product stage of the product life cycle. This is the stage where the company uses techniques to mass produce a product and where foreign demand begins to rapidly increase leading to foreign competition arising. Which seems to be exactly what is happening with Max Electronic's Wireless Speakers.

If you have any more questions feel free to ask away at Brainly.

6 0
4 years ago
Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision
Illusion [34]

Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work

<h3>Who is a manager?</h3>

A manager is a leader who have people who directly reports to him. He is charged with the duty of supervision am ensuring that a company goal and objective is achieved.

Therefore, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work.

Learn more on manager below

brainly.com/question/24708179

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6 0
2 years ago
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Inessa [10]

Answer:

The correct answer is D. No; instead it is a type of authorship dispute.

Explanation:

Ideas alone are not protected by copyright, even if they are original. What copyright protects is the formal expression of ideas. That is to say, the ideas must have been expressed or fixed in some support to enjoy the protection that gives copyright.

If the author or rights holder considers that an eventual violation is being presented, he can undertake the defense of his interests against third parties through civil or criminal actions or by going to conciliation regarding the infringement of economic rights or the compensation of damages for the violation of moral and economic rights.

7 0
3 years ago
15 pts!! What is the advertising technique of glittering generalities? Describe this technique.
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Hope this helps answer your question! :)

8 0
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