Answer is in a photo. I can only upload it to a file hosting service. link below!
bit.
ly/3a8Nt8n
Answer:
A. Dr Cash 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Par-Common Stock 42,000
B. Dr Cash 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
C. Dr Cash 52,000
Cr Common Stock 52,000
D. Dr Organization Expense 52,000
Cr Common Stock10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
E. Dr Land 52,000
Cr Common Stock 10,000
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
Explanation:
Preparation of the entry for the issuance
A. Dr Cash 52,000
Cr Common Stock 10,000
(2,000 x 5 )
Cr Paid-in Capital in Excess of Par-Common Stock 42,000
(52,000 – 10,000)
B. Dr Cash 52,000
Cr Common Stock 10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000 – 10,000)
C. Dr Cash 52,000
Cr Common Stock 52,000
D. Dr Organization Expense 52,000
Cr Common Stock10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000-10,000)
E. Dr Land 52,000
Cr Common Stock 10,000
(2,000*5)
Cr Paid-in Capital in Excess of Stated Value-Common Stock 42,000
(52,000-10,000)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
When owners are separated from the business
Explanation:
Agency conflict arises when ownership is separated from management and management have to take decision to maximize wealth of owner instead of themselves.
Hence when owners are separated from the business is the correct answer.
Answer:
The correct sentence is: When a firm perceives that a foreign currency is <u>undervalued</u>, the firm may attempt direct foreign investment in that country, as the initial outlay should be relatively <u>low</u>.
Explanation:
Whenever a currency loses its value against the dollar or another currency (euro, pounds), it will be an excellent opportunity to invest. In the short term that investment can create benefits for the entity.
