Answer:
paid in capital in excess of par value = $2000
and There will be a debit to Organisation expenses for $4,700
Explanation:
given data
charter authorized = 100,000 shares
common stock = $10 par value
issued = 270 shares
payment = $4,700
solution
we know here that
Paid up value of the stock = $10 per share
and here shares issue to the attorney satisfying the organisation expenses is 270 shares
so common stock = 270 shares × $10
common stock = $2700
so paid in capital in excess of par value = $2000
and There will be a debit to Organisation expenses for $4,700
The correct option is B. In this type of economy the government has total control over allocation of all resources. <span />
<span>a casual operation where few records are kept of income, expenses, stock and other items. </span>
Answer:
None of the available options are correct.
Department 2's contribution to overhead in dollars is $210,000
Explanation:
Contribution to overhead = Sales - Cost of goods sold - Direct expenses
Contribution to overhead = $400,000 - $150,000 - $40,000
Contribution to overhead = $210,000
