Answer:
c. under both the capital stock and additional paid-in capital sections
Explanation:
In the given question, the corporation issued 40,000 shares for $50 par value and for cash $60 per share
So, it affects the two accounts, one is preferred stock and the second is additional paid-in capital.
The preference stock should be increased by $2,000,000 (40,000 shares × $50)
Whereas the difference of $400,000 (40,000 shares × $10) would be transferred to additional paid in the capital account
And, the preferred stock has come under a capital stock account that's why we considered both the things
Answer:
Other-than-Serious Violations
Explanation:
The Occupational Safety and Health Administration (OSHA) Act is a law of the United States which ensures workplace safety are enforced. Work sites and companies are visited periodically by OSHA inspectors by for inspections to confirm the act is being complied with.
If during an inspection, the OSHA inspector discovered that a hazard in a workplace made a worker workers suffer injury or sickness but this will not result in death or serious physical injury, the inspector will report an Other-than-Serious Violations
.
The inspector may decide that the company pay the maximum penalty for the violation, decide not to levy a fine, or decide to reduce the penalty which can be up to 95 percent reduction. This penalty decision will depend on the factors like level of cooperation by the owner of the business and the size of the business.
Answer:
Goodwill is not amortized
Explanation:
In 2001, According to the Financial Accounting Standards Board (FASB) declared in Statement 142, Accounting for Goodwill and Intangible Assets, that goodwill was no longer permitted to be amortized.