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Answer:
Depletion
Explanation:
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called Depletion
Answer:
D) Credit paid in capital in excess of par on common, $400
Explanation:
The summary journal entry should be:
Dr Cash 1,200
Cr Common stock 800
Cr Additional paid-in capital in excess of par value 400
the subscriber paid $1,200 / $15 per stock = 80 stocks
par value = $10 per stock x 80 stocks = $800
additional paid-in capital = $5 per stock x 80 stocks = $400
Answer:
organization expenses.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called organization expenses.