Answer:
option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
Explanation:
Given data
share = 5000
share value = $5 / common stock
cash = $175000
to find out
find the option which is correct
solution
we know here we have cash value $175000
and
total common stock is = share × share value
total common stock =5000 × 5
total common stock value is $25000
so paid capital in excess = cash - total common stock value
paid capital in excess = 175000 - 25000
paid capital in excess is $150000
so option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
Answer:
Date Account Titles Debit Credit
Oct 01 8% Note Receivables $35,000
Land $30,000
Gain on sale $5,000
(To record the sale of the land)
Dec 31 Interest receivable $700
Interest Revenue $700
(35,000*8%*3/12)
(To record Interest Revenue on Note for 3 month recognized)
Answer:
I think the answer is 3.
Explanation:
For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.
Answer:
The correct option is C states that creditors have a higher position in the priority of claims.
I honestly don't even know I'm just commenting stuff so I can get points so I can ask questions
