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Dima020 [189]
3 years ago
13

Niren, Inc.'s charter authorizes 1,000,000 shares of stock at a par value of $1 per share. Niren sells 100 shares of stock at it

s initial offering for $1 per share. The journal entry to record this transaction will include a_________.
Business
1 answer:
andrew-mc [135]3 years ago
6 0

Answer:

Dr Cash account 100

Cr Common Stock account 100

Explanation:

When a company sells stock they must record the value of the stock sold at par value in the common stock account. Any extra money received should go to the capital paid-in excess of par value account.

In this case, Niren sold 100 shares at par value ($1), so $100 should be recorded in the common stock account.

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Which of the following is(are) true regarding the APT? I) The security market line does not apply to the APT. II) More than one
Karo-lina-s [1.5K]

Answer:

The correct answer to the following question is option (II), (III), (IV).

Explanation:

The APT stands for Arbitrage pricing theory, which is the alternative to the CAPM (Capital Asset Pricing Model ) for explaining the returns of the portfolio or the assets.

It is the multiple factors of CAPM which is base on the idea that the returns of assets can predict by using linear relationships in between a number of the macroeconomics variables that capture the systematic risk and the asset's expected return.

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3 years ago
CAN SOMEONE PLEASE ACTUALLY HELP AND NOT USE THIS JUST FOR POINTS. I REALLY NEED THE HELP.
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7 0
2 years ago
What type of Interests pays interest on interest?<br> O Compound Interest<br> O Simple Interest
Elanso [62]

Answer:

Compound interest

Explanation:

8 0
3 years ago
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When trying to understand a corporate culture, it is helpful to understand the types of power that are used. In "power cultures"
Alenkasestr [34]

Answer: b. supervisors exert a great deal of economic and political power.

Explanation:

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8 0
3 years ago
A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $130 (a $500 check
alexgriva [62]

Answer:

The answer is D. $4,735

Explanation:

Please find the below for detailed calculation and explanations:

The adjusted book balance = Ending balance of cash account + Bookkeeper error - Service charge + Revenue = 4,600 + 130 - 25 + 30 = $4,735

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