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
Margarita [4]
2 years ago
15

DAE Parts Shop began business on January 1, 2019. The corporate charter authorized issuance of 20,000 shares of $5 par value com

mon stock and 5,000 shares of $10 par value, 5% cumulative preferred stock. DAE issued 12,000 shares of common stock at $25 per share on January 2, 2019. What effect does the entry to record the issuance of stock have on total stockholders' equity?
a. increase of $120,000
b. increase of $150,000
c. increase of $300,000
d. increase of $340,000
Business
1 answer:
andrew-mc [135]2 years ago
5 0

Answer:

c. increase of $300,000

Explanation:

The autorized shares do not increase the equity of the firm. The firm generaes equity when the shares are issued. Therefore, we should consider January 2nd issuance:

12,000 common shares x $25 =   300,000 total proceeds

face value: 12,000 common x $5 = 60,000 face value

additional paid-in                           240, 000

You might be interested in
In an economy without international trade, investment must equal ______ saving.
maks197457 [2]
Investment must equal national saving
5 0
3 years ago
Read 2 more answers
The following information pertains to Hyde Corp.'s issuance of bonds on January 1, Year 1: Face value $1,000,000 Term 10 years S
stealth61 [152]
Why are all these questions so hard I don’t know the answer
7 0
3 years ago
In the context of recruitment sources, referrals are people who apply for a vacancy without prompting from the organization. ( T
scoray [572]

Answer:

<u>FALSE</u>

Explanation:

Note that, recruitment sources are the channels or sources from which qualified applicants for a position in a company are gotten. One such channel or source is through employees in the organisation who knows a qualified person outside the organisation to take up open positions.

Therefore,  the Referrals are those that apply because they were prompted or referred by employees in the organisation to apply for vacancy.

7 0
3 years ago
A(n) ____ cannot be changed or ended. irrevocable trust living will power of attorney revocable trust will
xxMikexx [17]
<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
5 0
3 years ago
2. Explain two ways that an informational interview is different from a job interview 3. Describe two ways that an informational
stiv31 [10]
Informational interview is were you get information like for example how people on talk shows interview people.... a job interview is to not get information but its to get a job... one way its benefitial is that one you get information and two it helps you to understand things from their point to view... two questions i would ask in an informational interview would be ''whats your point of view'' and ''whats something you would want people to know about this that they don't already know... hope this helps!!! :)
5 0
2 years ago
Other questions:
  • A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
    11·1 answer
  • Whats the importance of an organized workstation
    15·2 answers
  • The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current
    7·1 answer
  • Which of the following is NOT an example of the technical support that the International Monetary Fund (IMF) provides to governm
    15·1 answer
  • When secondary market buyers and sellers of securities meet in one central location to conduct trades the market is called:
    14·1 answer
  • A company borrows $100,000 from a bank; this is part of the: a. Secondary debt market b. Primary debt market c. Secondary equity
    11·1 answer
  • First Fidelity Insurance received a call from Second Fifth Bank regarding Margaret Gessner, a former Fidelity employee. Gessner
    6·2 answers
  • Suppose you sold a futures contract on gold 3 months ago when the futures price was $1,350 per ounce. Each contract is on 100 ou
    15·1 answer
  • What is the main purpose for the operation bank
    11·1 answer
  • Lenovo, HP, Dell, Acer Group, and Apple dominate 70% of the world market for personal computers). Smaller competitors survive by
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!