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ipn [44]
3 years ago
13

Carla Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stoc

k, and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.Jan. 10 Issued 80,000 shares of common stock for cash at $5 per share.Mar.1 Issued 5,000 shares of preferred stock for cash at $108 per share.Apr. 1 Issued24, 000shares of common stock for land. The asking price of the land was$90,000; the fair value of the land was $80,000.May1 Issued 80,000 shares of common stock for cash at $7 per share. Aug.1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $50,000 for services rendered in helping the company organizes.Sept. 1 Issued 10,000 shares of common stock for cash at $9 per share.Nov.1 Issued 1,000 shares of preferred stock for cash at $112 per share.Prepare the journal entries to record the above transactions
Business
1 answer:
velikii [3]3 years ago
8 0

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My nickname - Lovely

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B. when you are making a career change
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3 years ago
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When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of
kicyunya [14]

Answer:

A. The government lowers tax rates and undertakes a replacement of old bridges and roads

B. The government lowers tax rates and issues a partial refund of taxes that have already been paid

These 2 statements are correct explained below

Explanation:

A. The government lowers tax rates and undertakes a replacement of old bridges and roads, this statement is correct because when the government lowers tax rates it means that people have higher disposable income on their hands therefore they can spend more which increases demand, and people also invest more which increases supply, also the replacement of bridges and roads is improvement in infrastructure and this also increases supply as transportation is easier and cheaper for businesses.

B. The government lowers tax rates and issues a partial refund of taxes that have already been paid, this statement is correct because when the government lowers tax rates it means that people have higher disposable income on their hands therefore they can spend more which increases demand, and people also invest more which increases supply, also refund of taxes will increase the disposable money that people have so they can invest and consume both which will increase both supply and demand.

C. The government raises tax rates and reduces unemployment insurance payment

This is contraction fiscal policy and will do the opposite of expansionary fiscal policy, that is why this statement is incorrect.

D. The Federal Reserve increases the money supply and lowers the interest rate while the government simultaneously reduces future taxes. This statement is wrong because lowering the interest rate is an expansionary monetary policy and not an expansionary fiscal policy.

7 0
3 years ago
Charles and nancy have decided to sell their family business and would like to transfer ownership to the next generation. which
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The best method to make money would be the best

5 0
3 years ago
What is iatrogenic anemia? How do you prevent it?
Vsevolod [243]

They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory

<h3>What is iatrogenic anemia? </h3>

This is a condition of lowered hematocrit and hemoglobin count resulting from<u> frequent removal of blood samples</u> needed for testing purpose in the laboratory.

They can be prevented by carrying out the following:

  • The use of small collection tubes
  • Stable patients should only be allowed to carry out the laboratory test
  • Sharing of specimen in the laboratory

Learn more on iatrogenic anemia here: brainly.com/question/8197071

#SPJ12

3 0
2 years ago
If real income rises from $5 trillion to $6 trillion while the price level increases by 10 percent, it follows that nominal inco
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The nominal income will increase with the increase in the real income.

<u>Explanation:</u>

Real income of the person is the buying or the purchasing capacity of the person. It is the nominal income adjusted for inflation. If there is an increase in the real income more than the increase in the level of the prices at a particular period of time, it means that the level of nominal income of the person will also increase.

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