Explanation:
The journal entry is as follows:
Land Dr $70,000
Additional paid in capital $5,000
To Common stock $75,000
(Being the common stock is issued in exchanged for cash)
The computation of the additional paid in capital is shown below:
= Common stock - the appraised value of land
where,
The common stock = 750 shares × $100 = $75,000
And, the appraised value of land is $70,000
So, the remaining balance is
= $75,000 - $70,000
= $5,000
The $5,000 would be recorded as an additional paid in capital
Answer:
Number of units possible in S are 4.
Explanation:
Given <em>S</em> is a set of complex number of the form 
where <em>a</em> and <em>b</em> are integers.
is a unit if 
exists such that 
.
To find:
Number of units possible = ?
Solution:
Given that:
Taking modulus both sides:
Using the property that modulus of product of two complex numbers is equal to their individual modulus multiplied.
i.e.
So,
......... (1)
Let 
Then modulus of z is 
Given that a and b are <em>integers</em>, so the equation (1) can be true only when 
(Reciprocal of 1 is 1). Modulus can be equal only when one of the following is satisfied:
(a = 1, b = 0) , (a = -1, b = 0), (a = 0, b = 1) OR (a = 0, b = -1)
So, the possible complex numbers can be:
Hence, number of units possible in S are 4.
Answer:
1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.
Explanation:
Answer:
a. Treasury stock cannot be shown as an asset because a company cannot buy itself.
b) Gain or loss on sale of treasury stock is not to be treated as income, it should be added or subtracted from share capital because it is a capital transaction.
c). Treasury stock is not an asset. Dividends received from treasury stock cannot be treated as income, it is only assets that generates income.
Explanation:
When corporations for some strategic reasons and the desire to maintain and stabilize the shareholders wealth decide to buy back some of its shares, that is what is known as treasury stock. It is also called reacquired stock
a. The treasury stock is like a corporation acquiring itself, so it cannot be shown as an asset, it is only a reclassification within the same balance sheet.
b. Gains or loss on sale of treasury stock is not an income transaction, it is a transaction that affects the share capital of the corporation and must be charged to the share capital not the income.
c. Since treasury stock is not an asset, dividend received on treasury stock is not to be treated as income, it is only assets that generates income. it should affect retained earnings.
Manufacturing and Industry has significantly boosted China's economy.
