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beks73 [17]
3 years ago
6

When common stock is issued by a corporation for a cash price above par value, the excess of the cash proceeds over the par valu

e should be reported in the financial statements as a component of: Select one: a. Retained earnings on the balance sheet b. Total liabilities on the balance sheet c. Operating income on the income statement d. Total contributed capital on the balance sheet
Business
1 answer:
shutvik [7]3 years ago
8 0

Answer: d. Total contributed capital on the balance sheet

Explanation:

When Common stock is issued this is known as a Paid-In Capital. If there is an excess over the par value, this will be an additional amount and so will be recorded in the Additional Paid-In Capital account.

This account is on the Equity side of the balance sheet and will form part of the capital contribution to the company because it was given to the company by shareholders.

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A: There is no age limit for disbursement of funds
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3 years ago
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An advantage of magazine advertising is that:
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Answer:

A suitable advantage of magazine advertisement is option C.

Explanation:

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By using magazines as a medium for advertising, an appeal can be made to a large body of persons with similar tastes or covering a large area.

In the 21st century, promoting in print or in computerized magazines may appear to be silly. TV arrives at millions additional customers. Publicizing on your site costs not exactly on television. Furthermore, aren't magazines collapsing left and right?

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4 0
3 years ago
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Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the ta
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4 0
4 years ago
Sand, Inc. has outstanding $5,000,000, 10%, 20-year bonds. The bonds are callable at 104 on any interest date. The bonds were is
Ray Of Light [21]

Answer: B) A loss of $200,000 on its income statement in the year the bonds are called.

Explanation:

The bonds were issued at Par. This means they were issued at 100 of par.

The bonds are now trading at 104 of par.

If Sand Inc calls the bonds then they will make a profit (loss) of,

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Therefore their Profit (loss) will be the bond at par minus the Calling price

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= -$200,000

That means they make a loss of $200,000 in the year the bonds are called.

If you need any clarification do react or comment.

6 0
3 years ago
Ruth is a mother of two, loves to travel, is a member of a book club, enjoys jogging, likes to wear the latest fashions, and is
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Answer:

(A) A component lifestyle.

Explanation:

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5 0
3 years ago
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