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harkovskaia [24]
3 years ago
6

When no-par stock is issued, the entire proceeds are credited to Capital Stock and this amount is viewed as legal capital not su

bject to withdrawal. True or False True False
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

True

Explanation:

If there is no-par stock is issued, the entire proceeds are credited to Capital Stock. Also, the amount we get in for this capital amount can not be legally withdrawn for any purposes. It also reduces any responsibility faced from payable by the issuance of no face value. The journal entry will be as follows:

Cash Debit

Common stock Credit

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Answer:

the answer is B.)

Explanation:

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3 years ago
Stellar Corporation engaged in the following cash transactions during 2017. Sale of land and building $194,800 Purchase of treas
Law Incorporation [45]

Answer:

The cash provided by investing activities is $91900

Explanation:

The net cash provided or (used) by investing activities is computed thus:

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3 years ago
If you expect the price of gold to increase in the near​ future, your demand for gold today will increase.A. TrueB. False
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Answer:

A. True

Explanation:

Gold is a valuable commodity acquired for various reasons.  In economists, gold is as a store of value and an investment tool. Gold is traded in the financial markets like other valuable metals such as silver and copper.

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Answer:

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