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Nata [24]
3 years ago
14

A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistanc

e in filing its charter with the state. The entry to record this transaction will include:
Business
1 answer:
KIM [24]3 years ago
3 0

Answer:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

Explanation:

Common Stock value=Shares* Par value per share

Common Stock=100*$5

Common Stock=$500.

First we will prepare journal Entry:

Account                                    Debit                                Credit

Organization Expense              $1,800

Common Stock                                                                 $500

Paid in Capital in excess                                                  $1,300

of par Common stock.

So Correct option is:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

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Gold standard required countries to A. keep the supply of foreign exchange less than their domestic money supply. B. restrict th
vladimir1956 [14]

Answer:

D.) Keep the supply of there domestic money fixed in proportion to their gold holdings.

Explanation:

The Gold Standard was a monetary system under which countries fixed the value of their money in terms of a specified amount of gold. With the gold standard, countries agreed to convert the paper money into a fixed amount of gold.

Hope this helps you out! : )

4 0
3 years ago
Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Threat of a
vovikov84 [41]

Answer:

Salary raises based on length of service  

Explanation:

Agency conflict occur when the owners of a firm do not manage the company. Instead, the firm is managed by mangers. As a result, the interest of the manger might not be aligned with that of the owners and as a result the manager would not act in the best interest of the owners.

Agency problem is more common in public companies

If management compensation tied to the market value of the firm's stock, it would incentivise managers to take steps that would ensure that the value of the company's stock increases. This is because they would also benefit if the value of the stock increases

A stock option plan gives managers the option of buying a company's stock if certain targets are met. This would motivate an employee to work in the best interest of the shareholders

A proxy fight and a takeover would make the managers to lose their jobs. Most managers would not want to lose their jobs. A threat of a takeover or a proxy fight can serve to motivate mangers to act in the best interest of the stockholders

7 0
3 years ago
A country's export ratio is Group of answer choices The ratio of imports to GDP. The ratio of imports to exports. The ratio of t
Assoli18 [71]

A country's export ratio is the ratio of imports and exports.

<h3>What is the export ratio?</h3>

Export ratio is the ratio of import to export. Export would comprise of goods and services produced in the US that are been sold to foreign countries. Import would comprise of foreign produced goods and services that are been sold in the US

To learn more about imports, please check: brainly.com/question/26497713

#SPJ1

4 0
2 years ago
One fact about all currency is that it
Deffense [45]

Answer:

Differs amounts between different countries

Explanation:

5 0
3 years ago
Read 2 more answers
Only financial institutions can borrow from the Fed.
Westkost [7]
The answer would be true
8 0
3 years ago
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