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Alina [70]
3 years ago
10

Nebraska Inc. issues 2,750 shares of common stock for $88,000. The stock has a stated value of $12 per share. The journal entry

to record the stock issuance would include a credit to Common Stock for
Business
1 answer:
Verdich [7]3 years ago
3 0

Answer:

33,000

Explanation:

The entry would include the stock issuance for common stock with a credit amount of 33,000. This can be calculated as 2750 * 12 = 33,000, this is because the stated value of a stock is $12.

Hope this clear things up.

Goodluck and thankyou buddy.

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Answer:

b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.

Explanation:

A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.

According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.

Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.

In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).

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3 years ago
A revenue variance is the:
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Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.

This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.

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