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Hunter-Best [27]
3 years ago
9

Roxy Inc. issued 3,000 shares of no-par common stock with a stated value of $5 per share. The market price of the stock on the d

ate of issuance was $14 per share. The entry to record this transaction includes a
Business
1 answer:
7nadin3 [17]3 years ago
3 0

Answer and Explanation:

The journal entry to record the issuance of the common stock is shown below;

Cash Dr (3,000 shares × $14) $52,000

  To Common stock (3,000 shares × $5) $15,000

  To Additional paid in capital $27,000

(being the issuance of the common stock is recorded)

Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity

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Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d
xz_007 [3.2K]

Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

several reasons. First, trial court judges and juries have the opportunity to observe

witnesses and tangible evidence first hand. The appellate court sees only a cold record of

the trial court proceedings and therefore cannot make the kind of judgments about the

credibility of witnesses and the persuasiveness of evidence that can be gleaned only from

firsthand experience. Second, as occurs when there is no jury and the case is heard by a

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3 0
3 years ago
buying products produced in another country is known as multiple choice importing. trade protectionism. comparative advantage. e
lina2011 [118]

Buying products produced in another country is known as importing.

Exporting is selling products done in the country abroad.

Trade protectionism is a State's disposition that interferes with free trade in order to protect and encourage local production.  It consists of barriers to importation, like heavy duties or prohibition of importing certain products.

Comparative advantage is the specialization in the production of a certain good that has lower opportunity costs of production than competitors. For example, a country with plains and grasslands has a comparative advantage for specialization in agriculture.

As you can see, importing is the correct answer, because it consists of buying goods and services abroad for consumption in one's country.

Learn more in the link below:

brainly.com/question/4126723

#SPJ4

5 0
2 years ago
For​ example, if the total cost of producing three units of output is ​$2,498 and the total cost of producing four units of outp
topjm [15]

Answer:The marginal cost of fourth unit is $589

Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;

Marginal cost=Total cost at 4 units - total cost at (4-1) units

 =total cost of  the  4 units - total cost of the  three units

              =3,087 -2,498

             =$589

Also using the formulae;

Marginal cost = Change in cost / change in quantity

= 3,087 -2,498/4-3 =589/1= $589

The marginal cost of fourth unit is $589

3 0
3 years ago
The taxable value of the property in the tax area is usually referred to as the ? value
Semenov [28]
Assessed 
hope this helps (:
5 0
3 years ago
If year 1 is the first year of this nation's existence and year 6 is the present year, this nation's public debt is
pav-90 [236]
It depends. How much is the government and treasury of the nation spending or has spent? This info is needed to determine the nation's public debt.
5 0
3 years ago
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