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
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 Also, the amount we get in for this capital amount can not be legally withdrawn for any purposes.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

You might be interested in
Shelley newcome is the new ceo for a publicly traded financial services company, asset management co. (amc). newcome is new to t
earnstyle [38]
<span>One analyst indicates that he has studied several of amc's competitors and found that they share a set of critical and core attributes. They included the following attributes rights or shareholders and other core stakeholders are clearly delineated.</span>
4 0
3 years ago
True or false: Without knowing the future, it is best to have a cost structure with high variable costs.
konstantin123 [22]

Answer:False

Explanation:It is not obvious which cost structure is better, both have advantages and disadvantages

7 0
3 years ago
__________ consist of organization infrastructure (administration and management), human resources (employee recruiting, hiring,
olga55 [171]

Answer:

Secondary Activities

Explanation:

Secondary activities inside an organization are those who support the primary activity. The primary activity consists in the production and distribution of goods and/or services to customers, while secondary activities are meant to improve aspects of the primary activity.

For example, the goal of human resources is to create good labor conditions so that employees are happier, and therefore, more productive. And the goal of the technology department is to engage in research to produce new goods or provide new services in the future.

4 0
3 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
3 years ago
At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea
iren2701 [21]

Answer:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0
3 years ago
Other questions:
  • Which is not a trade-off for students who spend a semester abroad? seeing friends from home daily eating all of their favorite f
    5·2 answers
  • Adam borrows? $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual endmi
    7·1 answer
  • 3. How have you contributed to solving a challenge and to implementing change or reform?*(Be specific and include: what aspect/s
    10·1 answer
  • When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its
    15·1 answer
  • A business' last line of defense against risks that cannot be controlled or avoided by other risk management practices is this t
    9·1 answer
  • Ms. Krisak asks the question, "Does the ability to stay on the cutting edge of home interior trends provide our customer tangibl
    14·1 answer
  • Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, d
    9·2 answers
  • In the trial balance, all the accounts with debit balances are listed before the accounts with credit balances.
    6·1 answer
  • ____?____ brands are a form of private, no-frills goods stocked by some retailers that usually get secondary shelf locations, ha
    8·1 answer
  • If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by:_
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!