All categories

3 years ago

The journal entry to record the acquisition of land and a building by issuing common stock

Business

1 answer:

Vera_Pavlovna [14]3 years ago

5 0

Answer:

(B) debits Land and Building and credits Common Stock.

Explanation:

As with the acquisition of land and building, there is an increase in asset called land and building and for this the land and building account will be debited.

Further, after this since the assets are acquired in exchange of common stock, there is issue of common stock, which shall be credited, as increase in common stock is credited.

Therefore, assets land and building will be debited and common stock will be credited.

You might be interested in

Based on employment statistics for 2010, which ranks the number of jobs in these careers from least to greatest? Crop Production

NemiM [27]

Answer:

Elementary Education → Accounting → Pharmacy → Crop Production

Explanation:

According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.

3 0

3 years ago

With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at

Alika [10]

Answer:

''there will be at most as many POSITIVE rates...''

Explanation:

The measure of investments' rate of return which excludes external factors such as inflation is known as Internal Rate of Return(IRR)

It is used in;

(1). Savings and loans.

(2). Liabilities

(3). Fixed incomes

(4). Private equity and capital management.

(5). Maximizing total present value and so on.

It can be calculate using the formula below:

NPV= C(n)/(1+r)^n = 0

That is internal rate of return can be use in solving NPV = 0.

Therefore, 'With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at most as many POSITIVE rates of return as there are sign changes in the cash flow profile.''

4 0

4 years ago

James has earned his associate’s degree and is not planning on furthering his education. Which of the following is a STEM career

Bess [88]

Answer:

b civil engineer

Explanation:

Civil engineers need a bachelor's degree in civil engineering, one of its specialties, or civil engineering technology. Civil engineers need a bachelor's degree. They typically need a graduate degree and a license for promotion to senior positions

6 0

3 years ago

List four natural resources that you think would go into the production of the following products

fenix001 [56]

Answer:

sorry I think u got yr question incomplete..

Explanation:

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.

<h2>stay safe healthy and happy.</h2>

5 0

3 years ago

Which part of the Business Cycle would this graph represent?

Archy [21]

bust is the correct answer

3 0

3 years ago