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
77julia77 [94]
3 years ago
15

Nash's trading post, llc issues 2000 shares of $10 par value common stock at $11 per share. when the transaction is recorded, cr

edits are made to:
Business
1 answer:
Natasha2012 [34]3 years ago
4 0

Answer:

Credit common stock by 20,000

Credit additional paid in capital by 20,000

Explanation:

The par value of the share are $10 per share the number of shares are 2000 so initially we will credit common stock by (2000*10) = 20,000

Then we will credit the additional paid in capital by (11-10)*(2,000) =2000 as it is the additional money that we are getting on the par value.

You might be interested in
Which of the following materials could be potentially infected with bloodborne pathogens, assuming they are not mixed with human
Katena32 [7]

Answer:

Semen or vaginal secretions

Explanation:

"Bloodborne pathogens" refer to microorganisms that can be found in the blood or body fluids of humans. There are many kinds of bloodborne diseases such as <em>Hepatitis B</em> and<em> Hepatitis C</em> as well as <em>Human Immunodeficiency Virus (HIV).</em> They can be transmitted to another person through <em>having contact with the infected human blood or body fluids.</em>

Assuming that the materials above are not mixed with human blood (meaning, they are not contaminated with blood), then the semen or vaginal secretions are the only materials where the bloodborne pathogens can be transmitted. Thus, it is important <u>not to have sexual contact with the contaminated person such as people with HIV.</u>

So, this explains the answer.

4 0
3 years ago
Multiple-Choice Questions on Consolidation Overview [AICPA Adapted]
boyakko [2]

Answer: 1. D. Economic entity

2. C. Circumstances prevent the exercise of control.

3. B. Consolidation used for both Sell and Vane.

4. B. In form, the companies are separate; in substance, they are one entity

Explanation:

1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.

2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.

3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.

4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.

4 0
3 years ago
What is debit? And what is credit?​
Shtirlitz [24]
What exactly are debits and credits? In a nutshell, debits (dr) record all money that flows into an account, while credits (cr) record all money that flows out of an account.
5 0
2 years ago
Krening Realty has been found guilty of running deceptive ads. Which of these statements about the potential penalty is NOT true
Alika [10]

The statement that is not true is that Krening broker may face jail time

Explanation:

Running deceptive ads is not a crime that will need to face jail time if a person is found running deceptive ads the person will be asked to pay the penalty and they will be asked to pay the fine

And the violators will be asked to run the correct form of the ad and the information must be corrected and the civil penalties faced by them will be in millions

3 0
3 years ago
What is the term used to describe the reduction of the balance owed on a loan with each payment made over a period of time?
jeyben [28]

Answer:

The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:

d. amortization.

Explanation:

Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time.  Each payment is, therefore, a reduction of the borrowed fund.  This gradual reduction through periodic payments is called amortization of the borrowed fund.  Loan amortization, therefore, implies the spreading out of the loan payments over time.  It is not the same as asset amortization, which is a kind of depreciation.

8 0
2 years ago
Other questions:
  • A given university has an average professor pay of $40,000 a year and an average administrator pay of $45,000 per year. If the r
    15·1 answer
  • Effective managers their dominant decision style to avoid making mistakes. for each example, select the decision style that most
    13·1 answer
  • A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the r
    12·1 answer
  • 1. In the study of communication, noise is best defined as _
    15·2 answers
  • Cash Now Industries just hired 500 new workers to build ATMs and self-service check-out systems at its manufacturing plant in Te
    5·1 answer
  • The listing type that assures a broker that he or she will receive compensation no matter who procures the buyer is what kind of
    15·1 answer
  • What term is used to mean employee expertise and politeness and their ability to convey trust?
    7·1 answer
  • On October 1, 2018, Mills Company borrowed $131,000 cash on a one-year note that required Mills to pay 5 percent interest and $1
    14·1 answer
  • Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax a
    7·2 answers
  • By lowering production costs, _____ help domestic producers compete against foreign imports
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!