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
avanturin [10]
3 years ago
15

CA15-2 (Issuance of Stock for Land) Martin Corporation is planning to issue 3,000 shares of its own $10 par value common stock f

or two acres of land to be used as a building site. Instructions (a) What general rule should be applied to determine the amount at which the land should be recorded
Business
1 answer:
emmainna [20.7K]3 years ago
5 0

Answer:

The general rule that should be applied in determining the value on which the and should be recorded is

Explanation:

Stock is being issued for land not for cash so the fair value of stock or the fair value of land whichever is more determinable will be recorded as the value of the land.

You might be interested in
1. What area of law protects the sale of a home?
Naily [24]

1 contract law

2 Something of value must be exchanged between the parties.

3 civil law

Why is the law important?

Laws are created for protect our general safety, and ensure our rights as citizens against abuses by other people, by organization's, and by the government itself. We have laws for help provide to our general safety.

How many kinds of Laws?

Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.

  • Scientific Laws
  • Imperative Laws
  • Common Laws
  • Criminal Laws

Learn more about Law here brainly.com/question/6590381

#SPJ10

4 0
1 year ago
Hillside issues $2900000 of 9% 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. T
DaniilM [7]

Answer:

Dr. Cash                                                 $3,549,590

Cr. Premium on Account Receivable  $649,590

Cr. Bond Payable Account                   $2,900,000

Explanation:

The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.

Premium on the Bond =  Face value - Sale value = $3,549,590 - $2,900,000  = $649,590

The Premium will be amortized during the life of the bond  to maturity and deducted from the interest expense.

3 0
3 years ago
Employer is desperate to hire sales people. Employer conducts initial telephone interviews and offers employment immediately ove
sveticcg [70]

Answer:

A. A claim by the employee will probably be based on promissory estoppel

Explanation:

Promissory estoppel doctrine refers to trying to enforce a promise. In other words, a person that makes a promise is responsible for performing it as long  as:

  1. the promissor made a promise and the promisee acted because of it
  2. the promisee relied on the promise
  3. the promisee suffers a loss due to the unfulfilled promise
7 0
2 years ago
After you record your business transactions what is the next step in the process of turning this data into useful information?
hoa [83]
I think the answer is called enriching but i might be wrong.
4 0
3 years ago
Jade, a scientist working in the research department of corals cosmetics, is asked to not report the ill-effects of using a new
NARA [144]
Jade resides in the principle stage of cognitive moral development. This stage enables the conscience of the person kicks in and it involves the attitude of respect and trust. It is seen in the scenario above where Jade refuses to take on the permanent job because she does not want to ignore the report that she has found about the ill effects of the product that could bring harm to the people who will buy the products if it has been launched. She lets her conscience kick in and shows respect and trust to those people who could be affected because of this product.
6 0
3 years ago
Other questions:
  • Choose an example of a company you could start, and decide which business structure would make the most sense for that type of c
    15·1 answer
  • George believes that internal marketing is important for a goods manufacturing firm. However, Erick believes that internal marke
    10·1 answer
  • Ed runs an auto repair business out of the garage attached to his personal residence. How should he account for each of the foll
    13·1 answer
  • Barnes Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a price
    9·1 answer
  • Two factory plants are making TV panels. Yesterday, Plant A produced twice as many panels as Plant B. Two percent of the panels
    13·1 answer
  • A company has a beginning inventory of​ $20,000 and purchases during the year of​ $140,000. The beginning inventory consisted of
    5·1 answer
  • 1.
    13·1 answer
  • In the project initiation phase, which document contains high-level details of the proposed project?
    9·1 answer
  • Ali had previously calculated the Economic Order Quantity required to efficiently control costs at his company. His calculations
    7·1 answer
  • It takes $1200$ workers $8$ years to build $3$ ziggurats. How many years would it take $100$ workers to build $1$ ziggurat
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!