I just looked it up and I think that it is a
Answer:
Following are the journal entries to this question:
Explanation:
Date account title Dr. Cr.
Mar.2 Incorporation expense
Common Stock (Par value
)
Paid in excess of par- Common Stock
(Bein 5000 common shares Of par value
each issued )
June. 12 Cash
Common Stock (Par value
)
Paid in excess of par- common stock
(Being 63400 common shares of par value
each issued for
cash)
July-11 cash
Preferred Stock (Par value
)
Paid in excess of par- Preferred stock
(Being 2175 Prefered shares of par value
each issued for
each)
Nov. 28 Treasury Stock
cash
(Purchased 2,350 shares of treasury stock for
).
The second step in the problem solving process is to clarify the issues of a problem.
Answer: The second step.
Answer:
Milton Friedman.
Explanation:
Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.
The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.
This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.