Answer:
Paid in capital excess of par is $$309,000
Explanation:
<u>Journal Entries</u>
Debt: Legal services (4,100 hours × $100 per hour) = $410,000
Credit: Common stock (101,000 shares × $1 par) = $101,000
Credit: Paid-in capital - excess of par (Remainder) = $309,000
To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)
In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.
Paid in capital excess of par is $$309,000
Answer:
True
Explanation:
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Answer:they can track things
Explanation: if they need info all they need to do is hack
Answer:
Reconciling the bank statement to the cash control account.
Explanation:
The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.
Answer:
1. Moral and ethical responsibility
2. No
3. Lawsuit may be involved
Explanation:
1. Every US company apart from environmental or safety laws in the locality where it operates, have a moral and ethical responsibility to do what is right in terms of safe work practices and product safety/quality.
2. Even though some countries may have less strict laws than the US, moral and ethical responsibility should always thrive. For example, China is known to have less strict manufacturing standards than the United States, however this does not justifies a company to practice unsafe manufacturing standards.
3. For corporations selling products overseas that are banned in the United States, such as DDT to countries that were known to still allow it sales such as India, and North Korea. A lawsuit against those corporations may be considered legal.
