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Evgesh-ka [11]
3 years ago
13

Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first y

ear of operations, the company had the following events and transactions pertaining to its preferred stock.
Feb. 1 Issued 48,000 shares for cash at $52 per share.
July 1 Issued 66,000 shares for cash at $56 per share.

Required:
Journalize the transactions.
Business
1 answer:
qaws [65]3 years ago
5 0

Answer:

Feb. 1

Debit  : Cash (48,000 x $52)    $2,496,000

Credit : Preferred Stock (48,000 x $50)   $2,400,000

Credit : Paid in excess of Par - Preferred Stock  $96,000

July 1

Debit  : Cash (66,000 x $56)    $3,696,000

Credit : Preferred Stock (66,000 x $50)   $3,300,000

Credit : Paid in excess of Par - Preferred Stock  $396,000

Explanation:

With Par value stocks, any amount paid in excess of par is placed in a reserve - Paid in Excess of Par as shown in the journals above.

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In recent years, Google was among the companies that faced criticism for marketing an app that allowed men in Saudi Arabia to track the locations of their wives by using their cell phones. This was seen as an affront to women's rights, and the company withdrew the product after criticism from the media and shareholders. Google's interest in artificial intelligence has also led to criticism about its commitment to ethical practices and to human rights.

At the same time, there is no doubt that Google has expanded people's access to information and to many other online services around the world. It has made several global public statements against censorship. Its most vocal critics, indeed, have pointed to its previous stands for free access to information in pointing out the hypocrisy of Dragonfly and other ventures.
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3 years ago
Use the following information to determine the break-even point in units (rounded to the nearest whole unit):
denis23 [38]

Answer:

29,771 units

Explanation:

The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:

Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)

Break-even point in units= $195,000/($14.95-$8.40)

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Capabilities are defined as a company's Group of answer choices skills at coordinating resources and putting them to productive
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This answer requires that we fill in the blanks. The answers are contained in the bullet to fill the missing places

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<h3>What is the NPV?</h3>

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