Answer:
Paid in capital excess of par is $$309,000
Explanation:
<u>Journal Entries</u>
Debt: Legal services (4,100 hours × $100 per hour) = $410,000
Credit: Common stock (101,000 shares × $1 par) = $101,000
Credit: Paid-in capital - excess of par (Remainder) = $309,000
To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)
In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.
Paid in capital excess of par is $$309,000
Answer: PANAS
Explanation:
PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.
Answer:
A. is sometimes called a clean opinion.
Explanation:
The standard unmodified audit report is the report where the auditors said the financial statement of the company are prepared by keeping all material aspects and it is complied with the accounting standards
It is also known as a clean opinion
Therefore as per the given situation, the option A is correct
hence, the same is to be considered
