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katrin2010 [14]
3 years ago
7

A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry

to record the stock issuance would include a credit to Common Stock for a.$32,000. b.$2,000. c.$12,000. d.$24,000.
Business
1 answer:
Triss [41]3 years ago
5 0

Answer:

d.$24,000

Explanation:

Given that

Issuance of common stock = $32,000

Number of shares = 2,000 shares

Stated value per share = $12 per share

By considering the above information

The common stock would be credited for

= Number of shares × Stated value per share

= 2,000 shares × $12 per share

= $24,000

Hence, the correct option is d. $24,000

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Answer:

c. 100 days of the filing of the complaint.

Explanation:

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Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered

6 0
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2 years ago
Which of the following is a business organization owned by a group of people for their mutual benefit?
slava [35]
 A cooperative. <span>A </span>cooperative--<span>a business owned by a group of people to meet mutual (economic, social and cultural needs and aspirations).</span>
4 0
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5 0
3 years ago
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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$218,917 –$16,419 1 25,700 5,985 2 5
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Answer:

The IRR (in %) for Project A is 31%.

Explanation:

Let IRR be x%

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