Explanation:
The Journal entry is given below :-
Bonds payable $2,000,000
To common stock $1,000,000
To Discount on common stock $30,000
To Paid in capital $970,000
The calculation of bonds payable, common stock is below:-
For bonds payable
= 2,000 × $1,000
= $2,000,000
For common stock
= 2,000 × 50 × $10
= $1,000,000
For paid in capital
= $2,000,000 - ($1,000,000 - $30,000)
= $970,000
the answer to this is true
This company uses job rotation. It is the organized movement of staffs and
personnel from one job to a different job inside the
organization to attain numerous human resources purposes. For instance positioning
new employees, improving career development teaching employees, and stopping job dullness
or exhaustion.
