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
cricket20 [7]
3 years ago
6

The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of

operations, the company had the following transactions: January 1 sold 8 million shares at $15 per share June 3 purchased 2 million shares of treasury stock at $18 per share December 28 sold the 2 million shares of treasury stock at $20 per share What amount should the company report as additional paid-in capital in its December 31, 2021, balance sheet
Business
1 answer:
lesantik [10]3 years ago
7 0

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital  is shown below

For Jan 1, 8 million ×  $15              $120 million

For June 3, 2 million × $18              ($36 million)

For December 28, 2 million × $20  $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

You might be interested in
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what? a. Accurate u
vaieri [72.5K]

Option D

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing Completed epic acceptance criteria

<u>Explanation</u>:

Acceptance criteria are a formalized schedule of elements that assure that all user narratives are developed and complete synopses are carried into account. Acceptance Criteria are a collection of observations, respectively with a precise pass/fail outcome, that defines all specifications and are suitable at the Epic, Feature, and Story Level.

An epic is an excellent method to endure the trace of the huge idea in agile circumstances.  It enhances crews split their job while proceeding to operate towards a larger intention.

5 0
3 years ago
True or False: In the event of the firm's bankruptcy, the most shareholders can lose is their original investment in the firm's
KATRIN_1 [288]

Answer:

The answer is true.

Explanation:

Preference or preferred shareholders are synonymous to lenders to a business or company. Preferred shares are like debt to a business. They possess the characteristics of both debt and equity and in the case of liquidation, they have to be settled first. Common shareholders are the last shareholders to settled.

3 0
2 years ago
A new drug has not been approved by the FDA to sell in the U.S. because further testing is needed. The company has a chance to s
Juliette [100K]

Answer:

The correct answer is d. ethics.

Explanation:

Ethics is a systematic and critical analysis of morality, of the moral factors that guide human behavior in a given practice or society. As fishing represents an interaction between people and the aquatic ecosystem, fishing ethics refers to the values, rules, duties and virtues relevant to the well-being of people and the ecosystem, providing a critical normative analysis of the moral issues at stake. in that sector of human activities.

When moral values, rules and duties are subject to an ethical analysis, their relationship with the basic human interests shared by the population, regardless of their cultural environment, is particularly important. Moral values ​​can change and moral reasoning asks whether activities legitimated traditionally and in practice by religion, law or politics deserve to be recognized. Indeed, the evolution of ethics in the last century has been characterized by the tendency to change values ​​and overthrow the moral conventions that have guided relations between the sexes, between human beings and animals and between human beings and their environment. A more recent task of ethics is to offer resistance to these tendencies to globalization, commercialization and mastery of technology that erode biodiversity and valuable aspects of cultural identity and that could even threaten human rights. Although these trends are often presented as neutral in relation to values, they carry hidden hypotheses that are possible sources of inequality and abuse.

6 0
3 years ago
Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a pro
vlabodo [156]

Answer:

Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.

Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.

period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.

Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities

4 0
3 years ago
Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fix
lara31 [8.8K]

Answer:

909.09

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$20,000 / 58 - 36 = 909.09

4 0
3 years ago
Other questions:
  • Lisa Lasher buys 400 shares of stock on margin at $21 per share. If the margin requirement is 50 percent, how much must the stoc
    9·1 answer
  • Susan, 56 years of age, and her daughter beverly, 28 years of age, are both secretaries. they both apply for the same job, and a
    13·1 answer
  • The accounts receivable turnover measures a.the number of days of accounts receivable outstanding b.the fair market value of acc
    15·1 answer
  • Exercise 5-12 Presented below is the trial balance of Larkspur Corporation at December 31, 2017. Debit Credit Cash $ 200,490 Sal
    15·1 answer
  • What was the significance of NAFTA?
    12·1 answer
  • Bummerland finds itself in a recession caused, as assumed in class, a sticky nominal (money) wage (W) which is too high to clear
    5·1 answer
  • A manager must make a decision on shipping. There are two shippers: A and B. Both offer a two-day rate: A for $508, and B for $5
    14·1 answer
  • The Quorum Company has a prospective 6-year project that requires initial fixed assets costing $962,000, annual fixed costs of $
    14·1 answer
  • Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20%
    12·1 answer
  • . Savings habits you develop when you are young can stay with you for life. Yes or no, Support your answer.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!