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chubhunter [2.5K]
4 years ago
10

When stock traded on an active exchange is issued for a machine:

Business
1 answer:
Gekata [30.6K]4 years ago
6 0

Answer: B. An asset is recorded for appraised value of the stock

Explanation: The stock traded on an active exchange is issued for a machine, an asset is recorded for the appraised value .

Stock traded can be issued in exchange for money, property, or services provided to a corporation. Example of these are;

1. an investor could give a utility vehicle in exchange for a company’s stock.

2. an investor could provide legal fees in exchange for stock.

The underlining rule here is to recognize the assets received in exchange for stock at the asset’s fair market value.

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When using a __________ strategy, there is no change in either the basic product line or the markets served. Instead, increased
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3 years ago
A company reports the following: Net income $375,000 Preferred dividends 75,000 Average stockholders' equity 2,500,000 Average c
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a) The return on stockholders’ equity = 15%

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7 0
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A company issued 5-year, 8% bonds with a par value of $94,000. The company received $91,947 for the bonds. Using the straight-li
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Answer:

interest expense for the first semiannual interest period and subsequent: 3,965.3 dollars

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proceeds        91,947

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