Answer:
The journal entry is as follows:
Cash A/c Dr. $51.45
To Paid in capital in excess of par value A/c $51.42
To Common shares A/c $0.03
(To record the sale of the shares)
Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.
Workings:
Cash = Shares sold × shares closing price
= $3 million × $17.15
= $51.45 million
Common shares = Shares sold × Par value per share
= $3 million × $0.01
= $0.03 million
Paid in capital in excess of par value = Cash - Common shares
= $51.45 - $0.03
= $51.42
Answer:
"Supervisory body" is the right approach.
Explanation:
- A case investigator who usually reviews lawsuits regarding businesses and governments is considered a Supervisory body.
- It would be the independent central parliamentary entity responsible for the supervision of law enforcement records audit, the passenger details unit as well as the Federal or state authorities service Inspectorate.
Answer:
Corporation
Explanation:
A Corporation is a legal person with rights and duties. It is separated from its shareholders and it liable to pay tax
Answer:
$16,100
Explanation:
The computation of the amount included in the federal taxable income is shown below:
= Winning of car price + winning amount + credit and sign up bonus
= $15,500 + $500 + $100
= $16,100
hence, the amount involved in the federal taxable income is $16,100
We simply applied the above formula so that the correct value could come
A. they are non competitors because they sell two different things.
