1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
3 years ago
14

Norwalk Corporation issued 10,000 shares of $50 par preferred stock at $74 a share. A stock warrant attached to each preferred s

hare allows the holder to buy one share of $10 par common stock for $20. Right after issuance, the preferred stock sells ex-rights for $63 per share. The warrants began selling at $7 per warrant. The amount credited to Common Stock Warrants at issuance of the preferred stock is:
Business
1 answer:
Studentka2010 [4]3 years ago
7 0

Answer:

$70,000

Explanation:

In this question, we are asked to calculate the amount credited to common stock warrants at issuance of the preferred stock.

A mathematical approach is needed to compute this.

Mathematically the amount credited to common stock warrants at issuance is calculated by multiplying the selling price of a warrant by the number of warrants.

The selling price of a warrant according to the question is $7. The number of shares issued is 10,000.

The amount credited to common stock warrants at issuance = $7 * 10,000 = $70,000

You might be interested in
Kuong Inc. sold a commercial office building used in the corporate business for $1.5 million. Kuong purchased the building in 20
mars1129 [50]

Answer: $107,600 ordinary gain and $530,400 Section 1231 gain

Explanation:

Section 1231 property is when a business property that's either real or depreciable is held for more than one year. It should be noted that section 1231 gain which arises when the property is sold will be taxed at lower capital gains tax rate which is versus the ordinary income rate.

Therefore, Kuong should characterize the $638,000 gain recognized on sale as $107,600 ordinary gain and $530,400 Section 1231 gain.

The correct option is C.

7 0
2 years ago
Consider the case of long-distance telephone service. In country X, there are 20 providers of long-distance telephone service in
Furkat [3]

Answer:

Country X will have higher growth potential than country Y.

8 0
3 years ago
Which of the following best describes the purpose of raising and lowering the
Alex787 [66]

Answer:

It is used by Fed to manage the economy by increasing or decreasing the amount of loans being made

Explanation:

The Fed decides on required reserve ratio for the banks and other financial institutions; t can lower or raise it. Reserve ratio is the portion of all the money that bank are required  to sets aside and hold onto; this means they are not allowed to lend that out to borrowers. This is a technique that is used to control the supply of money in the economy. By decreasing this ratio, banks will have more money to lend out and vice versa.

3 0
3 years ago
Read 2 more answers
A state whose fiscal year ends June 30, 2013, had the following transactions and events. For each item, compute how much total e
timurjin [86]

no en  te

nasdfjajajajajajajjajajjajajajajjajajajajjajajajajjjav

8 0
3 years ago
Which of the following can cause a run-time error?
Stolb23 [73]

Answer:

A programmer anticipated a positive whole number, and the user input a negative decimal value.

Explanation:

Edge : )

8 0
3 years ago
Read 2 more answers
Other questions:
  • Two insulation thickness alternatives have been proposed for a process steam line subject to severe weather conditions. One alte
    5·1 answer
  • Valley Spa purchased $8,000 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $8,000. I
    10·1 answer
  • POINTS OMG OMG 32 POINTS!!!! HELP QUICK FOR BRAINLIEST (ECONOMICS)
    11·1 answer
  • According to an old myth, native americans sold the island of manhattan about 400 years ago for $24. if they had invested this a
    6·1 answer
  • Analytical skills give a manager the ability to identify problems creatively, generate _____ alternatives, and select the "best"
    15·1 answer
  • What is our planet called?
    7·2 answers
  • Describe the life cycle of a product and explain profitability and sales volume at each stage
    10·1 answer
  • Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
    8·1 answer
  • What is meant by pie - chart? Discuss the process of its formation??<br>​
    13·1 answer
  • Moving between two points on a ppf, a country gains 8 desktop computers and forgoes 4 laptop computers. the opportunity cost of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!