The theory that quantity supplied and price are positively related, other things constant is referred to as the law of supply. The law of supply states that when there is an increase in the prices of goods and services there is also an increase in the supply of such goods and services.
Answer:
Debit to cash is $3,900,000
Explanation:
The journal entry for recording this given transaction is as follows
Cash Dr (600,000 shares × $6.50) $3,900,000
To Additional paid in capital (600,000 shares × $0.50) $300,000
To Treasury stock (600,000 shares × $6.00) $3,600,000
(Being the stock reissued for cash is recorded)
for recording this we debited the cash as it increased the assets and credited the treasury stock as it reduced the treasury stock balance and credited the additional paid in capital
A contract is a negotiated agreement between an organization and a group to exchange goods, services, information and patents.
<h3 /><h3>Business contract</h3>
It is a formal agreement that establishes the rules, rights and obligations between a working partnership. It exists so that the agreements are fulfilled as previously established, with legal consequences for the party that does not comply with a contractual provision.
Therefore, the contract is a guarantee to two companies that want to come together in favor of some joint negotiation, establishing in common agreement the responsibilities necessary for the organizational integration to be effective.
The correct answer is:
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Answer:
The correct answer is $400,000 (increase).
Explanation:
According to the scenario, computation of the given data are as follows:
Stock issued = 200,000 shares
Fair value = $6
Time period = 3 years
So, we can calculate the effect on earnings by using following formula:
Effects on earning = Stock issued × Fair value ÷ Time period
By putting the value, we get
Effects on earning = 200,000 × 6 ÷ 3
= $400,000 (Increase)
The police power of the states can extend to interstate business.
Explanation:
The 10th amendment to the Constitution in the USA grants States "not reserved to the United States" privileges and responsibilities. This allows States authority to create and enact laws that protect the protection, defense and safety of the people.
The States are interpreted as bound by their terms, and as substantive denials of the right to interfere with the internal activity of the separate States, with the exception, in reality, of any other authority specifically granted or obtained as required and effective means of implementing it.
The Senate had held that any person engaging in interstate commerce liable to "all" employees, including those who has intrastate operations alone, in spite to negligence-related accidents, without clear dependence on the tenth amendment, in the workers ' liability cases. The court ruled that this act has not been unconstitutional.
