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ANEK [815]
3 years ago
13

A corporation issued 80 shares of no par value common stock for $800 cash. Based on this information, the credit to the common s

tock account should be _____________.
Business
1 answer:
GREYUIT [131]3 years ago
7 0

Answer:

The correct answer to the following question should be $800.

Explanation:

As per the question, a corporation has issued 80 shares which have no par value, and the amount of cash that has been paid for the common stock is $800 cash. So the journal entry for this would be -

SN     Particular                LF            Debit            Credit

1        Cash                                       $800

       To Common stock                                           $800

         ( with no par value )

So the amount which would be credited to common stock would be $800

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3 years ago
g Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has es
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Answer:

Direct material price variance= $21,450

Explanation:

Giving the following information:

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May:

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3 0
4 years ago
In a world with no taxes, MM show that a firm's capital structure does not affect the firm's value. However, when taxes are cons
faltersainse [42]

Answer:

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3 0
3 years ago
What is an incentive?
77julia77 [94]

Answer:

it acts as a stimulus to a market

Explanation:

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I hope this helps

8 0
3 years ago
Business ethics: Results in a set of correct decisions made by a company Refers to a standard of business conduct Can improve bu
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Answer:

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7 0
3 years ago
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