1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zanzabum
3 years ago
5

Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $

59 comma 000. In​ addition, Aster received cash for 1 comma 000 shares of its $ 15 par preferred stock at par value and 9 comma 500 shares of its​ no-par common stock at $ 20 per share. Without making journal​ entries, determine the total​ paid-in capital created by these transactions. The total paid-in capital created by these transactions amounts to $ .
Business
1 answer:
Serggg [28]3 years ago
3 0

Answer:

$264,000 increase in paid in capital

Explanation:

The company issued common stock to an inventor in exchange for a patent with a market value of $59,000.

  • All we are told is that common stock were issued in exchange of a patent, therefore, so the paid in capital increased by $59,000.  

In​ addition, Aster received cash for 1 comma 000 shares of its $ 15 par preferred stock at par value and 9 comma 500 shares of its​ no-par common stock at $ 20 per share.

  • The company increased its paid in capital in two different ways: $15,000 in preferred stocks + $190,000 in non-par common stocks = $205,000

total increase in paid in capital = $59,000 + $205,000 = $264,000

You might be interested in
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa
olasank [31]

Answer:

Information levels

Explanation:

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels

Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.

4 0
2 years ago
You are a public relations specialist for the local university. The board of regents has decided to raise tuition, and they have
hichkok12 [17]

Answer:

Callous

Explanation:

Showing the counters of tuition $200 per credit.

4 0
3 years ago
A company that continually adds more features to an existing product to try to appeal to more customers may end up overwhelming
Sloan [31]

It can be noted that when the addition of more features to an existing product overwhelm the customers, it is known as feature fatigue.

<h3>What is feature fatigue?</h3>

Feature fatigue simply means when consumers shy away from products that appear to be rich in features.

This occurs ehen a company continually adds more features to an existing product to try to appeal to more customers may end up overwhelming customers and create an unintended consequence.

Learn more about fatigue on:

brainly.com/question/948124

5 0
2 years ago
Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of _____.
Sidana [21]

There are lots of government practices. Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of protectionism.

<h3>What is protectionism?</h3>

Protectionism is known to be a type of policy that is often applied in  protecting domestic industries against any kind of foreign competition through the use of tariffs, subsidies, import quotas, etc.

A common example of protectionism is simply the Common Agricultural Policy (CAP) of the European Union. The European Union is said to often imposes an amount of  tariff rates on a lot of agricultural markets.

Learn more about political practices from

brainly.com/question/7807133

3 0
2 years ago
wgu A real estate agent representing the buyer tells the seller that the buyer would be willing to pay much more than the asking
yKpoI14uk [10]

Answer:

The correct answer is Duty of loyalty.

Explanation:

The corporate sphere bears an important analogy with the contractual one, in the sense that in both the agreements of the parties and the provisions of the law must be fulfilled, that is, there is a duty of loyalty of the partners and a duty of loyalty of the administrators. However, any action carried out by a subject, over and above private covenants or regulatory provisions, must follow a standard of conduct that imposes a certain ethical behavior in legal relationships, that of good faith.

Therefore, and without delving into the normative level, noting that behaving under the strict principle of good faith with society would be the partner's main duty. Here it is possible to know the concrete scope of this principle as a source of special duties for the parties in the corporate sphere. Thus, a duty-generating principle is derived from it: cooperation, information and protection.

7 0
3 years ago
Other questions:
  • You are considering a 5/1 ARM. What does the 5 represent? . A.The number of years between adjustments in the interest rate . B.T
    7·2 answers
  • Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms corre
    5·1 answer
  • Cyberhost Corporation's sales were $225 million last year. If sales grow at 6% per year, how large (in millions) will they be 5
    9·1 answer
  • During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp
    15·1 answer
  • Carl, the information technology head at Cloud Denim, a clothing company, has to update the enterprise software system used by t
    8·1 answer
  • Securitization, the process of forming new securities by bundling or slicing up groups of securities like mortgages and bonds, i
    13·1 answer
  • Dobles Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Estimated Overhea
    6·1 answer
  • How do I calculate current ratio
    8·2 answers
  • What benefit dose a corporation have that a partnership and sole proprietorship do not
    8·1 answer
  • Recall British Consols first issued in 1700s are considered perpetuities. If a British Consol will pay 100 GBP annually starting
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!