Answer:
4) Occurs when a corporation sells its stock for more than par or stated value.
Explanation:
When a stock sells at premium it means that its selling price if higher than its par value.
When a corporation sells its stock, the amount equal to par value must be recorded under common stock account, while any additional amount of money received (premium) must be recorded under the paid-in capital in excess of par value account.
For example, the corporation sells 100 stocks at $20 (par value of 10$ per stock)
- Dr Cash account 2,000
- Cr Common Stock account 1,000
- Cr Paid-in Capital in Excess of Par Value account 1,000
If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable is TRUE.
Revenue raising statutes. these are licensing statutes enacted to elevate money for the government. unlicensed persons can put in force contracts and recover for rendering services.
Specialists to gain a license, authorities has some say over who can carry out which jobs as well as how many people can perform those jobs. 2. the second main purpose of licensing statutes is extra intently related to the general public interest.
Business licenses preserve corporations accountable for their sports and conduct and guard the general public's fitness and safety. professional licenses imply the quantity of competence and know-how that a specific professional possesses.
Learn more about licensing statute here:- brainly.com/question/15443448
#SPJ4
Answer:
b) 2,388.22
Explanation:
Activity Cost Pool Activity Rates Activity Overhead cost
Processing customer 49.87 per order 10 498.7
orders
Assembling products 2.88 per assembly hour 580 1670.4
Setting up batches 18.26 per batch 12 <u> 219.12</u>
Total Overhead cost assigned <u>2,388.22</u>
In an acquisition, the firm being purchased is the target firm, and the firm which is purchasing the other firm is the acquiring firm.
Answer:
the marginal utility from drinking one more glass of water is likely to be <u>needing to pee hugely</u> the marginal utility from going to one more movie.
Explanation: