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Mashutka [201]
3 years ago
8

Brief Exercise 13-05 Pronghorn Inc.’s $11 par value common stock is actively traded at a market price of $14 per share. Pronghor

n issues 5,900 shares to purchase land advertised for sale at $77,000. Journalize the issuance of the stock in acquiring the land
Business
1 answer:
laiz [17]3 years ago
3 0

Explanation:

The journal entry for issuance of the stock for acquiring the land is shown below:

Land A/c Dr   $82,600               (5,900 shares × $14 per share)

       To Common stock A/c $64900           (5,900 shares × $11 per share)

       To Additional paid-in capital in excess of par - Common stock A/c $17,700             (5,900 shares × $3 per share)

(Being the issuance of the stock for acquiring the land is recorded)

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McDonald's falls under the time utility category because they streamline their services by making the ordering process to leaving with food as fast as possible. Those people wanting to save time and/or get the most value for their time often pick a fast food chain. 
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The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res
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B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

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List two types of cash flows an investor can expect to receive from an investment in stock. Explain the volatility of each of th
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Transactions must be segregated into the three types of activities presented on the statement of cash flows: operating, investing, and financing.
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2 years ago
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Based on the graph below, if January and February are the two coldest months, what can you conclude about the selling of French
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Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/19, net 60. Mr. Warner never takes t
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35.92%

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