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2 years ago

Prepare the journal entry to record autumn company’s issuance of 63,000 shares of no-par value common stock assuming the shares:

Business

1 answer:

mojhsa [17]2 years ago

7 0

The entry for this transaction would be this:

Land 1,827,000

Ordinary shares 1,827,000

The market value of the shares on this transaction does not affect the recording of this transaction. If the share has no par value, the stated value should be used. Stated value is a value assigned by the company to its stock for the purpose of accounting and it does not have any relation with the market value of the shares. Since stated value is not given in this problem, we should record the entire amount of the land exchanged in this transaction to the "Ordinary shares" account.

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Interstate 4 (i-4) and state road 408 are two major highways that affect traffic flows in orlando. motorists are not required to

Alexus [3.1K]

If at a given time of the day, the state road 408 is higly congested, then it could be considered to possess the properties of a COMMON PROPERTY GOOD.
There are four types of economic goods, these are: public goods, private goods, common property goods and club good.
Common properties goods are those goods which are characterised by rival consumption and non exclusion of non payers. Rival consumption implies that consumption by a user imposes limitations on what others can consume, but a user can not stop another user from enjoying the good. Common property goods are equally owned by everyone and are not controlled by anyone in particular, thus these goods usually need government intervention.

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2 years ago

The bretton woods agreement incorporated all of these features except ________.

telo118 [61]

Hello Wahsorad4380 

Question: The bretton woods agreement incorporated all of these features except ________.

Answer: floating exchange rates

Hope This Helps!
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3 years ago

On January 1, Gucci Brothers Inc. started the year with a $690,000 balance in Retained Earnings and a $597,000 balance in common

Yuri [45]

Answer:

$1,388,200

Explanation:

The total stock holders equity as at the end of the year shall be determined as follows:

Common stock Retained Earnings Total

Balance of Jan 1 $597,000 $690,000 $1,287,000

Net income for year $96,000 $96,000

Dividend paid ($14,800) ($14,800)

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Balance at year end $617,000 $771,200 $1,388,200

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2 years ago

Read 2 more answers

Marcel supervises a group of paralegals serving the firm's lawyers. He gets along well with his employees, and he has created de

svet-max [94.6K]

Answer:

Task-oriented

Explanation:

Task-oriented leaders focus on getting necessary tasks done to accomplish set objectives. These leaders are concerned with finding step-by-step solutions needed to meet set goals. The leaders will often define the roles required, put structures in place, organise necessary resources, and monitor progress towards accomplishing tasks within the team.

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2 years ago

Franklin Aerospace has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current as

MrRissso [65]

Answer:

8.28 times

Explanation:

The number of times that Franklin Aerospace sell and replaces its inventory shall be determined through following mentioned formula:

Inventory turnover=sales/inventory balance

First we have to calculate the inventory balance which shall be determined as follows:

Quick ratio=current assets-inventory/current liabilities

2= $80,500-inventory/ $28,175

$56,350=$80,500-inventory

Inventory=$80,500-$56,350=$24,150

Now we will the number of times that Franklin Aerospace sell and replaces its inventory:

Inventory turnover=$200,000/$24,150=8.28 times

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2 years ago