1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notsponge [240]
3 years ago
7

Sudoku Company issues 29,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $245

,000 and the building at $374,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
Business
1 answer:
Alexeev081 [22]3 years ago
5 0

Answer:

The Journal entry is as follows:

Land A/c             Dr. $245,000

Building A/c       Dr. $374,000

To Common stock, $8 par value                                          $232,000

To Paid-in capital in excess of par value, common stock   $387,000

(To record issuance of the stock in exchange for the land and building)

Workings:

Common stock = $8 × 29,000 shares

                          = $232,000

You might be interested in
The markup on a video game is 15% of the sale price. If the video game sells for $58.82, what was the cost (in $)? (Round your a
Tanzania [10]

Answer:

$51. 15

Explanation:

The selling price is $58.82

The mark-up is 15% of the selling price.

The cost price is ???

The $58.82 is 115% of the cost price.

the cost price is 100%

cost price

= 58.82/115 x 100

= $0.5114 X 100

=$51. 15

5 0
3 years ago
What kind of advertisements would a company be unable to measure with standardized
Artist 52 [7]
Goodwill would be unable to measure the standardize tests.
6 0
3 years ago
When several alternative investment proposals of the same amount are being considered, the one with the largest net present valu
Likurg_2 [28]

Answer:

The answer is c. present value index

Explanation:

Present value index is the ratio decided by dividing net present value of the project by its require initial net cash outflows.

Once having constraint on selecting investment with positive NPV to be made due to lack of fund, a firm's usually use Present value index for further decision making.

The investment with higher present value index shows that it generates more net cash flow or in other words, more efficient and requires less initial cash outflow, and thus usually be chosen over the other ones with lower present value index.

4 0
3 years ago
Suppose you had invested $1000 in a company's stock, and then you later sold it for $1100. what is the % return on your investme
Tresset [83]
% return would be (total profit / total invested) * 100 so
( 100 / 1000 ) * 100 = 10%
5 0
3 years ago
Read 2 more answers
Melanie invests $4,000 into an account offering 4% interest compounded annually. Gina invests $4,000 into a simple interest savi
denpristay [2]

Answer:

$4,900 (From simple interest method)

Explanation:

Given:

Amount invested (p) = $4,000

Interest rate for simple interest (r) = 4.5% = 4.5/100 = 0.045

Interest rate for Compound interest (i) = 4%

Number of year (t) = 5

Computation of amount from simple interest method:

Amount = p(1+rt)

Amount = $4,000[1+(0.045 × 5)]

Amount = $4,000[1+0.225]

Amount = $4,000[1.225]

Amount (from simple interest method) = $4,900

Computation of amount from compound interest method:

Amount = p(1+i)^t\\\\Amount = 4,000(1+0.04)^5\\\\Amount = 4,000(1.04)^5\\\\Amount = 4,000(1.2166529)\\\\Amount = 4,866.616\\\\

Therefore, Amount from simple interest method is higher .

3 0
3 years ago
Other questions:
  • Choose all that apply. Adrianna will be a college freshman soon and she is struggling to make a career choice. Which activities
    14·2 answers
  • The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo
    9·1 answer
  • Blackner corporation produces and sells a single product. data concerning that product appear below: selling price per unit $220
    7·1 answer
  • Which of the following is not a part of monitoring control plans? a. Ensuring appropriate communications b. Assessment by manage
    13·1 answer
  • For the coming year, River Company estimates fixed costs at $109,000, the unit variable cost at $21, and the unit selling price
    10·1 answer
  • In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented
    12·1 answer
  • According to the law of supply, price and quantity move
    6·2 answers
  • How did capitalism fuel industrialization?
    6·1 answer
  • Price Company provides cleaning services to customers for $10,000 cash. What are the effects of this transaction on the accounti
    11·1 answer
  • What is universal default?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!