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Tom [10]
3 years ago
9

When a firm issues 50,000 shares with a par value of $5 for $22 per share, additional paid-in capital will:

Business
1 answer:
Aloiza [94]3 years ago
6 0

Answer:

The additional paid-in capital will increase by $850,000

Explanation:

Additional paid up capital: It is that paid up capital which is excess of par value. It is mentioned in the balance sheet when new shares is issued.

The computation of additional paid up capital are shown below:

= Difference of per share price × Number of shares

where,

difference = $22 - $5 = $17

So, the value equals to

= $17 × 50,000

= $850,000

So, the additional paid-in capital will increase by $850,000

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Selective optimization with compensation (SOC). If you don't find an answer on this site, use Google.
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Melba receives most of her income from wages from her job as a high school teacher. She also receives supplemental income from f
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Send a notarised letter to her employer requesting that they withhold additional amounts from her pay each month.

Option C

Explanation:

A certificate approved by a notary public is a notarised text. The notary public is a public officer who confirms the identity of everyone who signs the document, observes the signatures and seals the document.

If at the flat rate or the low marital rate they withhold.

Many deductions are claimed: any gain they claim decreases the amount deducted. In the case of a further refund: you will petition for a further amount of each paycheck that is withheld.

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3 years ago
Helena corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. if the market price of the stock
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In a 2 for 1 stock split, par value and market value will be 1/2 of what they were prior to the split and number of shares will be two times what it was.

So,

 

par value will be 6 x 0.5 = $ 3.00 

market value will be 25 x 0.5 = $ 12.50 

number of shares  8,000 x 2 will be 16,000 shares

3 0
3 years ago
Marigold Company discovered the following errors made in January 2022.
lys-0071 [83]

Answer:

A. Reversals entry

1. Dr Cash 900

Cr Equipment 900

Correct entry

Dr Wages and salaries 900

Cr Cash 900

B.

2. Dr Cash 5850

Dr Service revenue 650

Cr Account payable $6,500

3. Dr Accounts payable 360

Cr Equipment 360

Explanation:

A. To Correct the errors by reversing the incorrect entry and Preparation of the correct entry.

Reversals entry

1. Dr Cash 900

Cr Equipment 900

Correct entry

Dr Wages and salaries 900

Cr Cash 900

B. To Correct the errors without reversing the incorrect entry

2. Dr Cash 5850

($6500-650)

Dr Service revenue 650

Cr Account payable $6,500

3. Dr Accounts payable 360

(510-150)

Cr Equipment 360

4 0
3 years ago
Jason is shopping for a new car. He completes new credit applications at four different dealerships. Will this affect his credit
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Applying for a loan in each of the dealerships he visited will have negative consequences on his credit score.

The credit score is a term to refer to the score that people have toward the financial system. The credit score is a kind of business card for each person regarding their financial life.

One of the most common mistakes people make is when they make multiple credit applications when they intend to buy something because this is a bad practice for their credit score.

For example, if Jason completed credit applications in four different dealers, his score may drop because the entities that are going to lend him the money consider this activity as something negative.

In addition, people who apply for loans in different entities are generally forced to do so because they are denied the possibility of credit, that is, they have an unfavorable history to access a loan.

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