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Paraphin [41]
3 years ago
7

If Dakota Company issues 1,500 shares of $6 par common stock for $75,000,

Business
1 answer:
HACTEHA [7]3 years ago
5 0

<u>Answer:Option C </u>Paid-In Capital in Excess of Par will be credited for $66,000

<u>Explanation:</u>

Given

No of shares 1,500

Par value $6

Common stock $75,000

Par value of stock = No of shares x Par value

=1500 x 6

=9,000

Excess paid in capital = Common stock - Par value

=75000-9000

=$66,000

So the Paid in capital which is excess of par value will be credited. It can also be termed as the market value of the shares. Par value will be mentioned in the share document. When there is additional paid in capital it is a credit balance in company accounts.

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Answer:

the correct answer is finances

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Consider the borrowing rates for Parties A and B. A wants to finance a $100,000,000 project at a FIXED rate. B wants to finance
QveST [7]

Answer:

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Explanation:

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4 0
3 years ago
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Answer:

b. $40,000

Explanation:

Step 1. Given information.

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5 0
4 years ago
After meeting with the general manager of a large automotive dealership and being apprised of the​ dealership's goals for growth
Firdavs [7]

Answer:

Traditional goal setting

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4 0
3 years ago
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4 0
3 years ago
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