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3 years ago

Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares.

Business

1 answer:

Rudik [331]3 years ago

3 0

Answer:

It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.

Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.

Assets are value yielding or money making investments or facilities of a business Organisation.

Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.

THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES

=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.

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3 years ago

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Answer:

(a) Dec. 31, 2020

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