Answer:
a. Credit to Contribution Revenue for $230000
Explanation:
Nonmonetary transaction can be said to occur in a situation where a business activity is said to be concluded without the transfer of money between accounts for parties which is been tied to the transaction .
Example is change of address or in a situation where a more complex transactions occured.
Therefore Pharoah should record this nonmonetary transaction as a Credit to Contribution Revenue for $230000 because
Pharoah paid nothing for this realty, which had a fair value of $230000 at the date of the grant.
I guess the correct answer is making an observation
Making an observation requires you to use your senses to obtain information
Answer:
Buy government bond
Explanation:
Ideally, a government would implement expansionary fiscal policy if it is aimed at making more money available in the economy. Expansionary fiscal policy includes increase in spending of governments on her projects, reduction in tax payments, tax rebates, transfer payments etc.
With regards to the above, the central bank of a country would buy government bond in order to maintain stable interest rate whilst implementing expansionary fiscal policy. The aim is to maintain a stable availability of money in the economy.
Answer:
$475,000
Explanation:
Calculation for By what amount would LBM credit capital in excess of par
Dr Cash $500,000
(25,000 shares*$20 per share)
Cr Common Stock $25,000
(25,000 shares*$1 per share)
Cr Capital in excess of par $475,000
($500,000-$25,000)
Therefore based on the above Journal entry and calculation the amount that LBM would credit as capital in excess of par will be $475,000 ($500,000-$25,000).