Answer:
$0
Explanation:
The shares that are donated is treated as the treasury shares. The treasury stock and the gain or the revneue account rise the stock market value. If there is an increase in the treasury stock so it reduced the stockholder equity but on the other hand the gain or revenue increase the owner equity
So overall there is no net effect
hence, the amount should be $0
Answer:
Allow one key employee to operate the bank account personally.
Explanation: Allowing one key employee to operate the bank account personally is a major non compliance in management of business ventures. Two or more persons with TRUSTED INTEGRITY can be assigned especially if they are PERMANENT STAFF and in MANAGEMENT POSITIONS. This two factors will help to Prevent or reduce the chance of any Criminal or fraudulent activities.
If the federal reserve conducts an open market purchase, bank reserve DECREASE and the money supply INCREASE. The federal reserve has the responsibility to control the amount of money available in the economy. When the federal reserve make a purchase, their reserve will decrease, the money supply in the economy will increase, interest rates will fall and investment spending will increase.
Answer:
Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade them for other goods and services.
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<u>Solution:</u>
<u>The</u><u> </u><u>following journal entries will be passed:</u>
Accounts Debit Credit
Bond Payable (2000 bonds x $1000) $2,000,000
Discounts on Bonds Payable $30,000
Common Stock (50 shares x $10 x 2000 bonds) $1,000,000
Paid -in Capital in Excess of Par--Common Stock $970,000
(TO RECORD CONVERSION)
Cash ( 2000 * $1000 * 1.01) $2020000
Discount on bonds payable $59216
Bonds payable (2000 * $1000) $ 2000000
Paid - in - Capital - Stock warrant $79216
(To record issuance of bonds with stock warrant)
