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
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.

You might be interested in
The CEO and his top managers have asked themselves two important​ questions: a. do customers value what the company is​ providin
Doss [256]

Answer:

The correct answer is (D) business model

good luck

3 0
3 years ago
Hackers who intend to profit from their actions are motivated by:
zalisa [80]
<span>Hackers who intend to profit from their actions are motivated by money. Those who hack electronics/items in the means to collect profit from doing so are motivated by money. Money is their driving force to hack the item they were told to. </span>
5 0
3 years ago
Vandana shiva agrees that the green revolution has increased agricultural output and household incomes, but she is concerned abo
Anna11 [10]
<span>cultural, economic and environmental changes. The most one is environmental changes. The green revolution cause for excess use of chemicals and pesiticides that accelerated the rate of pollution and imabalance. The people will start a new culture of depending upon chemicals for agriculture which may negatively affect the very existence of nature.</span>
7 0
3 years ago
Medallion Cooling Systems, Inc., has total assets of $10,000,000, EBIT of $2,000,000, and preferred dividends of $200,000 and is
liraira [26]

Answer:

Explanation:

The two attached pictures shows the explanation for this problem. I hope it help you. Thank you

4 0
2 years ago
During the current year, Ethan performs personal services as follows: 800 hours in his information technology consulting practic
olya-2409 [2.1K]
A only the information technology consultant practice
3 0
3 years ago
Other questions:
  • Media scholar robert mcchesney has observed that the media oligopoly of the leading nine media giants is not the only threat to
    8·1 answer
  • Real estate brokers and their salespersons facilitate __________ by promoting the sale/lease of property, providing information
    13·1 answer
  • 19. Regarding alternate backup sites, which of the following is a low-cost site?
    5·1 answer
  • When meeting a CEO whom he hoped to win over as a new client, James, dressed in an Armani suit, introduced himself from across h
    9·2 answers
  • Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes o
    14·2 answers
  • Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
    8·1 answer
  • Heather has been assessing a number of her firm's products using the Boston Consulting Group approach to portfolio analysis. She
    11·1 answer
  • The risk-free rate of return is 8%, the expected rate of return on the market portfolio is 15%, and the stock of Xyrong Corporat
    14·1 answer
  • 1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or serv
    14·1 answer
  • Which of the following is a disadvantage of a questionnaire?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!