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Sav [38]
3 years ago
10

If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, A. Paid-In Capital in Excess of Par will be cr

edited for $150,000. B. Common Stock will be credited for $175,000. C. Cash will be debited for $150,000. D. Paid-In Capital in Excess of Par will be credited for $25,000.
Business
1 answer:
Sindrei [870]3 years ago
4 0

Answer:

option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

Explanation:

Given data

share = 5000

share value = $5 / common stock

cash = $175000

to find out

find the option which is correct

solution

we know here we have cash value $175000

and

total common stock is = share × share value

total common stock  =5000 × 5

total common stock value is $25000

so paid capital in excess = cash - total common stock value

paid capital in excess = 175000 - 25000

paid capital in excess is $150000

so option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

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ANSWER NEEDED ASAP!
svetoff [14.1K]

true because it is needed to so if you use the credit part it will need a signature

8 0
4 years ago
Name the market structure in which agriculture farming operate​
hichkok12 [17]

Answer:

The right answer is "Pure monopoly, monopolistic competition and oligopoly".

Explanation:

  • The agricultural market system would be fundamentally competitive as well as is often called straight-up competitiveness.
  • Agriculture would be ideal competitiveness even though it has a vast variety of industries and every company generates a small proportion of the overall production of such marketplace.

Thus the above is the correct answer.

4 0
3 years ago
Miller Safety Equipment uses multiple production department rates to apply overhead to products. The company will allocate suppo
natita [175]

Answer:

c.used by the department

Explanation:

Since in the question it is mentioned that Miller Safety Equipment uses multiple production department rates so that it applied the overhead to products.

And according to that the allocation of support department cost to production

Here, the multiple production department rates are used so the support activity should be only used by the department.

5 0
3 years ago
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $589,
iren [92.7K]

Answer:

Estimated Allowance for Uncollectible Accounts  $ 17950.

Explanation:

Pearl E. White Orthodontist

Schedule of Accounts Receivable by Age

December 31, 2021

Age Group                  Amount           Estimated        Uncollectible

                                    Receivable        Percent

Not yet due                $ 40,000                 4%              1600

0-90 days past due     16,000                   20%            3200

91-180 days past due     11,000                  25%          2750

More than 180 days past due 13,000        80%           10400

Total                           $ 80,000                                  17950

Estimated Allowance for Uncollectible Accounts  $ 17950.

The above schedule shows the accounts receivable assigned to one of the four classes based on its days past due . The amounts of each class are multiplied by the estimated percent of the uncollectibles accounts. The total amount in the Uncollectible is the estimated balance for the Allowance for Uncollectible Accounts  $ 17950.

6 0
3 years ago
Read 2 more answers
The underlying assumption of the dividend discount model is that a stock is worth: A. the present value of the future dividends
labwork [276]

Answer:

A. the present value of the future dividends the company pays.

Explanation:

The net present value (NPV) of a project can be defined as the difference between present value of cash-inflow into a project and that of cash-outflow over a specific period of time. Thus, it is simply the value of all cash-flows for a project with respect to its life span.

The underlying assumption of the dividend discount model is that a stock is worth the present value of the future dividends the company pays.

Generally, all financial assets or securities can be securitized i.e turned into a tradable item that can be used to generate money for a potential investor or the owner of the financial asset.

For example, a mortgage backed security can be used as securitization.

8 0
3 years ago
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