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
astraxan [27]
3 years ago
9

Miller Corporation issued 7 comma 000 shares of its​ $5 par value common stock in payment for attorney services billed at $ 70 c

omma 000. Miller​ Corporation's stock has been actively trading at $ 10 per share. The journal entry for this transaction would include a credit​ to:
Business
1 answer:
Elina [12.6K]3 years ago
3 0

Answer:

credit to share capital account .

common stock capital : $35,000 Credit

share premium account: $35,000 credit

Explanation:

The share capital (capital accounts) are usually credit entries. The share is trading at a premium of $5 per unit , Issue of 7000 common stock will realise a total cash of $70,000 which is used to pay off attorney services. The common stock share capital will increase by 7000 x $5 = $35,000 and the balance premium ($35,000) will be to share premium account

You might be interested in
Which of the following is an example of the free-rider problem? a. Both Zoe and Zach receive low-cost dental care at the local d
Fittoniya [83]

Answer:

c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking

Explanation:

Free rider is a form of market inefficiency that occurs when people benefit from a good or service but do not pay or underpay for the product.

Betty is receiving free protection from Bruce's dog.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
In your progress report, you want the Work Completed section to follow your Summary of Costs. To
iren [92.7K]

Answer:

The best way would be over email is the best way to get your report to ...

Explanation:

<h2>MARK ME BRAINLIEST PLZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzz</h2>
4 0
3 years ago
How would the inventory cost change if labeling and packing were moved to the DC? Assuming the demands are independent of each o
umka2103 [35]

Answer:

Firstly packaging and labeling costs can be either be charged on variable overheads cost or on selling overheads costs( distribution and marketing cost).

Assuming they are charged on Selling overheads cost:

There are no figures to illustrate the change on inventory cost as a result of moving Labeling and packaging from selling overheads to Direct Costs ( DC) but indefinitely when there are new costs charged to the direct costs of inventory, inventory cost will increase by their exact costs.

If they are charged on Variable overheads then they are already part of inventory cost as is variable cost on Work in process therefore there wont be change in inventory cost just change in direct material.

Explanation:

6 0
3 years ago
"The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus th
Ivahew [28]

Answer:

Leased Fee Interest

Explanation:

Leased Fee Interest refers to the right of the lessor to lease his property to a tenant and earn rental income in addition to the value of the asset which is reverted back to the lessor upon expiry i.e reversionary right.

The total of leased rental payments and reversionary value is termed as Leased Fee Interest.

A lease is a contract wherein one party i.e the lessor agrees to lend the asset to other party i.e the lessee in exchange of periodic payments in the form of lease rentals usually without transferring the ownership of the asset.  

5 0
3 years ago
Which of these statements is true about professional skills? A. They are only important in jobs that require a college degree. B
grigory [225]
D. They are skills that employers in all lines of work are looking for.
4 0
3 years ago
Other questions:
  • The new "Hungry for Apples?" campaign has been a resounding success, so that the quantity demanded is now 100% greater than befo
    12·1 answer
  • Refer to exhibit 27-5. assume the firm is a factor price taker and that the price of a unit of labor is constant at $360. the fi
    6·1 answer
  • Create a list of five action verbs you might use on a job application to describe skills and/or work history.
    7·1 answer
  • As an investor studying the gold standard, Kyle knows that he would need 44 euros to purchase one ounce of gold. These 44 euros
    6·1 answer
  • Dufner Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semi-annual payments. If the YTM on
    12·1 answer
  • Suppose the banking system does NOT hold excess reserves and the reserve ratio is 25%. If Melanie deposits $1,000 of cash into h
    9·1 answer
  • Garcia Industries has sales of $176,500 and accounts receivable of $18,500. Assume all sales to be on credit. The industry avera
    12·1 answer
  • If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e
    13·1 answer
  • REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over
    14·1 answer
  • Which line represents the flow of final goods and services?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!