Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On June 12
Cash $300,000
To Paid-In Capital in Excess of Par- Common Stock $220,000
To Common Stock $80,000 (80,000 shares × $1)
(Being the issuance of the common stock is issued and the remaining balance is credited to the paid in capital)
On July 11
Cash $318,000 (3,000 shares × $106)
To Preferred Stock $300,000 (3,000 shares × $100)
To Paid-In Capital in Excess of Par - Preferred Stock $18,000
(Being the issuance of the preferred stock is issued and the remaining balance is credited to the paid in capital)
On Nov 28
Treasury Stock $9,000
To Cash $9,000
(Being the treasury stock is purchased)
Answer:
The marginal cost curve is usually U-shaped. Marginal cost is relatively high at small quantities of output; then as production increases, marginal cost declines, reaches a minimum value, then rises.
Explanation:
N/A
Answer:
A - "15 y/o"
or
B - "19 y/o"
(There are two types of this question for just choose which one is on it)
Expansionary fiscal policy includes increasing government spending and decreasing taxes to increase aggregate demand.
Politics is a conscious system of guidelines to guide decision-making and achieve reasonable results. A policy is a statement of intent, implemented as a procedure or protocol. Policies are typically adopted by a governing body within an organization.
A policy is a law, regulation, procedure, administrative action, incentive, or voluntary practice of a government or other agency. Political decisions are often reflected in resource allocation. Health can be affected by policies in many areas. The term can refer to governments, public sector organizations and groups, individuals, executive orders, corporate privacy policies, congressional rules of procedure, and more. Policies are different from rules and laws.
Learn more about policy here
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