1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gulaghasi [49]
3 years ago
6

How would the issuance of common stock for cash affect the accounting​ equation?

Business
1 answer:
shepuryov [24]3 years ago
3 0

Answer:

Explanation:

The journal entry to record the given transaction is shown below:

Cash A/c Dr XXXXX

    To Common stock A/c XXXXX

(Being the issuance of the common stock is recorded)

The accounting equation is

Total Assets = Total liabilities + Stockholder equity

Cash Increased = No effect    + Increased

Therefore, the cash account and the common stock is increased.

You might be interested in
Which is the most accurate definition of body language?
Masja [62]
Body Language is communicate by movement or position, particularly facial expressions, gestures and the relative positions of a speaker and listener.
6 0
3 years ago
Read 2 more answers
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
zhuklara [117]

Answer:

taxes and no money management

Explanation:

some comes out of taxes and you do not know what to do with so much money

5 0
2 years ago
Determine if the following situations describe a game or a decision. Indicate what specific features of the situation caused you
hammer [34]

Answer:

China chooses a level of tariffs to apply to American imports.

3 0
3 years ago
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual
frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

= $1,840 unfavorable

Hence, the variable overhead efficiency variance is $1,840 unfavorable

As the standard hours would be less than the actual hours so it would be unfavorable variance

7 0
3 years ago
Which of the following statements is FALSE regarding financial and nonfinancial measures of performance?a.Nonfinancial measures
faltersainse [42]

Answer:

D. Financial measures are lead indicators of future success.

Explanation:

This is said to be not true regarding financial and non financial measures of performance.

Businesswise, it is often debated whether a commonly perceived good company, as defined by characteristics such as competitive advantage, stable earnings, above-average management, and market leadership, is also a good company in which to invest. While these characteristics of a good company can point toward a good investment, this article will explain how to also evaluate the company's financial characteristics and how to know if a company is a good investment.

8 0
3 years ago
Other questions:
  • Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The compa
    5·1 answer
  • The strongest argument for an independent Federal Reserve rests on the view that subjecting the Fed to more political pressures
    12·1 answer
  • All citizens in America have _______ to form a group and push for what they want in the law. Additionally, the architects of our
    9·2 answers
  • Risks of fixed costs of a business are more for an alliance than an independent firm.
    13·1 answer
  • When an externality is present, the market equilibrium is a. efficient, and the equilibrium maximizes the total benefit to socie
    10·1 answer
  • A company reports basic earnings per share of $5.10, cash dividends per share of $2.05, and a market price per share of $65.55.
    11·2 answers
  • PB1.
    11·1 answer
  • From the perspective of employee, the effective channeling of work-related infomation and concerns
    13·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    5·1 answer
  • Critically discuss the economic importance of the secondary sector to the south African economy.​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!