Just toss it out and Rebuke it in Jesus name
Answer:
b) Debit Cash $7,000; credit Common Stock $6,000; credit Paid-in Capital in Excess of Par Value, Common Stock $1,000.
Explanation:
When shares are issued and paid for, the entries required are debit to cash account and a credit to common stock. However, when the amount received is higher than the par value of the stock issued, the excess received is recorded as a share premium or Paid-in Capital in Excess of Par Value.
As such, where the par value is $100 and 60 shares were issued, value of common stock issued
= $100 * 60
= $6,000
Paid-in Capital in Excess of Par Value = $7,000 - $6,000
= $1,000
Answer:
they have 25 quarters and 19 nickels
Explanation:
let N = number of nickels
let Q = number of quarters
5N + 25Q = 720
N + Q = 44
N = 44 - Q (now we must replace)
5(44 - Q) + 25Q = 720
220 - 5Q + 25Q = 720
20Q = 720 - 220 = 500
Q = 500 / 20 = 25
N = 44 - 25 = 19
Answer: c. Social learning theory
Explanation:
KPMG in 2005 were almost indicted for their role in convincing wealthy clients to deceive the US government into believing that they had suffered losses which helped them evade taxes through tax shelters.
The marketing of these tax shelters at KPMG spread fast due to the Social learning theory where people engage in behaviour that they observed others doing.
Employees at KPMG were encouraged to be team players and so when they saw their fellow workers marketing these products to the wealthy, they too wanted to market it.