Answer:
The answers are:
<u>January 10</u>
Cash $816,000
Common stock $510,000
Contributed capital in excess
of par value, common stock $306,000
<u>January 15</u>
Equipment $80,000
Common stock $50,000
Contributed capital in excess
of par value, common stock $30,000
<u>February 1</u>
Organizational expenses $3,000
Common stock $25,000
Contributed capital in excess
of par value, common stock $500
Explanation:
Contributed capital in excess of par value is the amount of money (or other assets) over the par value of stock (in this case $5 per common stock) that the company received form shareholders in exchange for stock.
Answer:
The correct answer is "
Implied agency/ostensible".
Explanation:
- An effective power implicitly granted by that of the principle to its agent has demonstrated or derived from some kind of relationship across the accused principle as well as the agency, would be considered as Implied agency.
- The connection between 2 organizations allows individuals might assume that one of those would be a separate operator, as well as inversely, is a ostensible agency.
Answer:
$212,000
Explanation:
Stockholders' equity = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue
Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000
Stockholders' equity = $212,000
So, the total stockholders' equity as of December 31, 2019 is $212,000
Answer:
- fairness,
- honesty,
- integrity
Explanation:
The three most important ethical principles that should guide all organizational activities are fairness, honesty and integrity. Currently we live in a globalized and multicultural business scenario, where there is an intense flow of information and a lot of competitiveness, so it is necessary that organizations seek to adapt their strategic planning to this new reality, where corporate governance is an essential parameter of relationship with a company by many stakeholders.
The fairness, honesty and integrity of the company will help it to maintain an internal environment focused on the development of skills and an organizational culture based on ethics and respect for all employees, regardless of their individual values or hierarchical position. These ethical principles will also help the organization to have a good image in the market, to attract greater reliability and transparency in the processes.
In accounting for stock investments between 20% and 50%, the Invest equity method is used.
Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money and effort. The purpose of investment in finance is to generate profit from the invested assets. An investment is an asset or item acquired for the purpose of income or capital appreciation. Valuation refers to the increase in value of an asset over time.
When a person purchases a commodity as an investment, the intention is not to consume the commodity, but to use it to create wealth in the future. Investing always requires spending capital today, be it time, effort, money, or assets, in hopes of a greater return in the future than what was originally invested.
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