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Tatiana [17]
3 years ago
9

Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are ma

de to:______.
a. Common Stock, $22,000, and Retained Earnings, $15,000
b. Common Stock, $22,000
c. Common Stock, $15,000, and Paid-In Capital in Excess of Par, $7,000
d. Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000
Business
1 answer:
Vadim26 [7]3 years ago
5 0

Answer: C. Common Stock, $15,000, and Paid-In Capital in Excess of Par $7,000

Explanation:

The journal entry that will be made for this transaction include:

Debit Cash $22,000

Credit Common Stock $15,000

Credit Paid-In Capital in Excess of Par $7,000

Therefore, the correct option is C

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The action that will be the least helpful if you've been the victim of identity theft is to withdraw your money from all account. You should report it to the law enforcement instead. Withdrawing all of your money from all account would more endanger your life. Hope this answers the question.
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3 years ago
How does government pay for
Tanzania [10]

Answer:

the answer is "D" Although "A" seems to be the favored method

7 0
3 years ago
A bank run involves:
Aleonysh [2.5K]

Answer:

The correct answer is letter "B": large numbers of depositors withdrawing their deposits within a short period of time.

Explanation:

A bank run is a situation in which account holders massively withdraw their funds under the fear the financial institution will lose its liquidity. The situation gets to a point in which the bank is at risk of sensing all its reserves and fail to provide all its clients the money they deposited.

In the U.S. financial institutions with deposits between $16 and $122.3 million must have a minimum reserve of 3%. When the deposits exceed $122.3 million the minimum reserve increases to 10%. The rest of the money is reinvested by banks.

5 0
3 years ago
XYZ Corp. has issued $30 million of debentures. Each bond issued has a warrant attached enabling the holder to buy three shares
Anna71 [15]

Answer: D) $2.7 million

Explanation:

Debentures are sold per $1,000 which means that out of $30 million there are;

= 30,000,000/ 1,000

=30,000 bonds.

Each bond is entitled to 3 shares;

= 30,000 * 3

= 90,000 shares.

Price of $30

= 90,000 * 30

= $2,700,000

5 0
3 years ago
Briggs Excavation Company is planning an investment of $132,000 for a bulldozer. The bulldozer is expected to operate for 1,500
nevsk [136]

<u>Solution and Explanation:</u>

The yYearly Equal Cash Inflows =(110-44-28) * 1500-8000  = 46000

Present Value of Inflows at the rate of 10% = $46000 * \text { PVIFA( } 5 \text { years }, 10 \%)$= 46000 multiply with 3.791 = 174386

NPV = 174386 minus 132500 = 42386

<u> Briggs must make an investment in the project as it generates additional wealth and NPV is positive </u>

For NPV = 0, PV of inflows = 132500

PV Of Inflows = Annual Cash Flow multiply with 3.791

Annual Cash Flow = 132500 divide by 3.791 = 34951.20

So, Hours =(34951.20+8000) /(110-46-28) = 1193.08 hours

3 0
3 years ago
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