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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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Due to more emphasis on empowerment and more talented and better-educated lower-level management, span of control in organizatio
Firdavs [7]

Answer:

Narrowed

Explanation:

Span of control is the term now used more commonly in business management, particularly human resource management. Span of control refers to the number of subordinates a supervisor has.

Span of control has narrowed as the persons are capable of fullfill the requierements on any specific task without constant supervision

8 0
3 years ago
In a guaranty​ situation, the​ _____ contract is between the person who agrees to pay the debt if the primary debtor does not an
Natali5045456 [20]
<span>In a guaranty​ situation, the​ guaranty contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.

The guaranty contract outlines the role of the </span>people in the agreement. It shows the lender to borrow agreement and obligation. This agreement serves as a document to make sure the lender has proof in value to get something in return from lending the money. 
8 0
3 years ago
Paige is thinking about discontinuing a software program her company
Flura [38]

Answer:

C. Her company may still need to provide customer service to existing customers.

Explanation:

Apex

8 0
3 years ago
The following events apply to Lewis and Harper, a public accounting firm, for the Year 1 accounting period: Performed $64,500 of
charle [14.2K]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

b) $69,000

c) $14,500

d) $14,000

f) $57,800

g) $59,500  

Download pdf
8 0
3 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
Sidana [21]

Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

<u>Sales:</u>

February $500,000

March $400,000

April $600,000

60% of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following the sale.

<u>Cash collection April:</u>

Cash collection credit sales from April= (600,000*0.6)= 360,000

Cash collection credit sales from March= (400,000*0.3)= 120,000

Cash collection credit sales from February= (500,000*0.1)= 50,000

Total cash collection= $530,000

6 0
2 years ago
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