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Cerrena [4.2K]
3 years ago
14

Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record

this transaction would include a:
Business
1 answer:
rjkz [21]3 years ago
4 0

Danielle's journal entry to record this transaction would include a:credit to common stock.

<h3 /><h3>What is Journal entry?</h3>

Journal entry is simply the book of original entry.

Assuming the company received the amount of  $2,000,000 from investors and issued them shares of its stock the appropriate  journal entry to record this transaction would include a credit to common stock,

<h3>Journal entry</h3>

Debit Cash $2,000,000

Credit Common stock $2,000,000

Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.

<h3 />

Learn more about journal entry here:brainly.com/question/14279491

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Identify the following questions as most likely to be asked by an internal or an external user of accounting information.
charle [14.2K]

Answer:

Find the answers below

Explanation:

1. Shareholders - External users

2. Creditor - External users

3. Nonexecutive employee - External users

4. Research and development director - internal users

5. Purchasing manager - internal users

6. Human resources director - internal users

7. Production supervisors - internal users

6 0
4 years ago
The Goodsmith Charitable Foundation, which is tax-exempt, issued debt last year at 8 percent to help finance a new playground fa
NeTakaya

Answer:

10%

Explanation:

Given that,

Interest at last year debt = 8%

Current year cost of debt = 25% higher

Firms paid for debt last year = 10%

Firms paid for debt in current year = 12.50%

Kd - cost of debt

Yield = Interest at last year debt × (1 + increase in cost of debt)

         = 8% × (1 + 0.25)

         = 8% × 1.25

         = 10%

Kd = Yield (1 – T)

Kd = 10% (1 – 0)

     = 10% (1)

     = 10%

Therefore, after tax cost of debt would be 10%.

8 0
4 years ago
The user I want To report is justxk
kogti [31]
How do I report them for you
5 0
3 years ago
Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i
kogti [31]

Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.

<h3>What is the investment?</h3>

Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation

In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.

Read more about investment

brainly.com/question/15105766

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5 0
2 years ago
Merchandise inventory includes: (You may select more than one answer. Single click the box with the question mark to produce a c
LuckyWell [14K]

Answer:

A and C are correct. Other two are incorrect

Explanation:

3 0
4 years ago
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