Solution-Assume the stock has neither par nor stated value

Assume the stock has neither par nor stated value

Assignment Help Accounting Basics

Reference no: EM13949909

Aloha Corporation issues 5,000 shares of its common stock for $84,200 cash on February 20.

1. Assume the stock has neither par nor stated value. Prepare journal entries to record this event

2. Assume the stock has a $14 par value. Prepare journal entries to record this event

3. Assume the stock has an $7.0 stated value. Prepare journal entries to record this event.

Reference no: EM13949909

Questions Cloud

Would you change the accounting for the two departments : Melanie would like you, the staff accountant, to charge the advertising expense for the Hobby department to Toy's. With only these facts, would you change the accounting for the two departments?

Kinetic and potential energy effects : Air enters a compressor operating at steady state at 1 bar, 228C with a volumetric flow rate of 1 m3/min and is compressed to 4 bar, 1778C. The power input is 3.5 kW. Employing the ideal gas model and ignoring kinetic and potential energy effects,..

Compressor operating at steady state : Refrigerant 134a at 30 lbf/in.2, 408F enters a compressor operating at steady state with a mass flow rate of 150 lb/h and exits as saturated vapor at 160 lbf/in.2 Heat transfer occurs from the compressor to its surroundings, which are at 408F. Cha..

Determine the long run fraction of time the mouse will spend : Make compartments 3 and 4 into absorbing states by assuming that the mouse must stay in those compartments once entered and write the new transition matrix.

Assume the stock has neither par nor stated value : Assume the stock has neither par nor stated value. Prepare journal entries to record this event, Assume the stock has an $7.0 stated value. Prepare journal entries to record this event.

Pressure and temperature of the air : Air at 500 kPa, 500 K and a mass flow of 600 kg/h enters a pipe passing overhead in a factory space. At the pipe exit, the pressure and temperature of the air are 475 kPa and 450 K, respectively. Air can be modeled as an ideal gas with k 5 1.39. K..

Absence of internal irreversibilities : There is no significant heat transfer between the engine and its surroundings, and kinetic and potential energy effects are negligible. For operation at steady state, determine the rate at which power is developed in the absence of internal irreve..

Age-dependent diseases and age-related diseases : Distinguish between age-dependent diseases and age-related diseases.

Find the irr of a project that returns : Find the IRR of a project that returns $17,000 three years from now if it costs $12,000.

User Account

All Pages

Assume the stock has neither par nor stated value

Reference no: EM13949909

Reference no: EM13949909

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT