Answer:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
Explanation:
The journal entry is shown below:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
The computation is shown below:
For land
= 30,000 shares × $112
= $3,360,000
For Common stock
= 30,000 shares × $80
= $2,4000,000
And, the remaining balance is credited to the additional paid in capital account
Answer:
D
Explanation:
Marginal decisions involves considering the cost and benefit of taking a particular action. If the marginal benefit of taking a particular action exceeds the marginal cost, the activity should be undertaken
Peyton is engaging in a sales strategy in which he would likely tell of the buyer that the land will increase twice as much in the following year if it has not been brought in which this strategy will be able to lure the buyer into thinking of whether he or she will buy the land or not.
Answer:
Labor and store space (land and building)
Explanation:
In economics, the factor market refers to the purchase and sale of <u>factors of production,</u> which include land, labor, capital, and entrepreneurship.
Answer:
-The right to convert the shares to common shares
-The right to redeem the preferred shares for cash
