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Arlecino [84]
3 years ago
13

Niren authorizes $1,000,000 shares of stock at a par value of $1 per share. Niren sells 100 shares of stock at its initial offer

ing for $1 per share. The journal entry to record this will incude a _____ to Common stock, $1 par for $____.
Business
1 answer:
erastova [34]3 years ago
3 0

Answer:

Credit; $100

Explanation:

When the shares are authorized there is no specific entry,

When the authorized shares are issued then proceeds are debited to the cash account and the common stock account is credited by that amount.

In this case,

Common Stock will be credited by 100 * 1 =$100

Hope that helps.

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g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will str
valentinak56 [21]

Answer:

HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.

Explanation:

  • Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.
  • Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.
4 0
3 years ago
Sweet Sue Foods has bonds outstanding with a coupon rate of 5.47 percent paid semiannually and sell for $1,923.74. The bonds hav
REY [17]

Answer:

Current Yield= 5.68%

Explanation:

Current Yield = Coupon Paid/Price

                      = (2000*0.0547)/1923.74

                       = 5.68%

8 0
3 years ago
Assume no price ceiling exists and a market is in equilibrium. then a price ceiling is established which is below the market equ
nevsk [136]
Hi Bobby, thanks for asking a question here on Brainly.

If <span>no price ceiling exists and a market is in equilibrium, then a price ceiling is established which is below the market equilibrium that results in a shortage.

Answer: Letter B </span>✅<span>

</span>Hope that helps! ★ If you have further questions about this question or need more help, feel free to comment below or leave me a PM. -UnicornFudge aka Nadia 
5 0
4 years ago
Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entries to
andrew-mc [135]

Answer and Explanation:

Any additional cost incurred on account of improving the performance of long term asset is called capital improvement.

1. New component was purchased to improve the efficiency of the equipment.

Journal entry:

Particulars                         Debit                        Credit

Equipment                          $22,000

                 Cash                                                   $22,000

(Being component purchased for cash)

Equipment is debited as capital improvements are made.

2. In the third year, some repair expense incurred for maintaining the efficiency of equipment.

Journal entry:

Particulars                         Debit                        Credit

Repair expense                 $6,250

                 Cash                                                   $6,250

(Being repair expense incurred and paid in cash)

increase in expenses is debited and decrease in asset (cash) is credited.

3. Since repairs is improving the useful life of the equipment, it is considered capital improvement, so the same will be charged to the equipment.

Journal entry:

Particulars                         Debit                        Credit

Equipment                         $14,870

               Cash                                                   $14,870

(Being repair expense charged to equipment)

4 0
3 years ago
A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent. This means the bank could have __________ i
OLga [1]

Answer:

$14,520 in check-able deposit liabilities and $117,480 in total reserves.

Explanation:

The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].

4 0
3 years ago
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