User Account

All Pages

Company a sold 8 million shares of its 1 par common stock

Assignment Help Accounting Basics
Reference no: EM13599188

Company A sold 8 million shares of its $1 par common stock to provide funds for research and development. If the issue price is $12 per share, what is the journal entry to record the sale of the shares?

Reference no: EM13599188

Questions Cloud

Discuss why it is necessary for accountants to assume that : discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
At the beginning of the current year health company had : at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the
Bennett company paid cash dividends totaling 150000 in 2008 : bennett company paid cash dividends totaling 150000 in 2008 and 75000 in 2009. in 2010 bennett intends to pay cash
On august 10 jameson corporation reacquired 8000 shares of : on august 10 jameson corporation reacquired 8000 shares of its 100 par value common stock at 134. the stock was
Company a sold 8 million shares of its 1 par common stock : company a sold 8 million shares of its 1 par common stock to provide funds for research and development. if the issue
Ai tool and dye issued 8 bonds with a face amount of 160 : ai tool and dye issued 8 bonds with a face amount of 160 million on january 1 2011. the bonds sold for 150 million. for
Jan 7 articles of incorporation are filed with the state : prepare journal entries to record following transactions of lind corporation for its initial year of existence.a jan. 7
The projected benefit obligation was 80 million at the : the projected benefit obligation was 80 million at the beginning of the year and 85 million at the end of the year. at
O january 1 a company borrowed cash by issuing a 300000 5 : on january 1 a company borrowed cash by issuing a 300000 5 installment note to be paid in three equal payments at the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Income tax expense in income statement

HD determined that it was more likely than not that 30% of the deferred tax asset ultimately would not be realized. HD made no estimated tax payments during 2009. What amount should HD report as income tax expense in its 2009 income statement?

  How much should the company increase its debt investments

How much should the company increase its Debt Investments account for these bonds and what amount should be reported as a charge against income in the income statement if the company is in the first year of operations?

  Determine the role of the end-user in the database

what is the role of the end-user in the database development process? why is the relational approach to creating

  Monitor company has other operating expenses of 250000

monitor company has other operating expenses of 250000. there has been an increase in prepaid expenses of 15000 during

  The activity driver for the shipping activity is the

the activity driver for the shipping activity is the number of orders shipped. product a uses 20 orders and product b

  Determination of taxable income

Brown Corporation, an accrual basis corporation, has taxable income of $150,000 in the current year. Included in its determination of taxable income are the following transactions.

  Which provides the best information on profitability-a

icon.com sells software and provides consulting services to companies that conduct business over the internet .the

  Ekman company issued 1400000 13-year bonds and agreed to

1. ekman company issued 1400000 13-year bonds and agreed to make annual sinking fund deposits of 70700. the deposits

  The bonds carry a 7 coupon pay interest annually and

jakes sound systems has 210000 shares of common stock outstanding at a market price of 36 a share. last month jakes

  Compute the expected balance in accounts

Sugarland Company sells a single product and anticipates opening a new facility inCharlotteon May 1 of the current year.

  Learning objective

Learning Objective

  Eloise is a sales representative for a video production

eloise is a sales representative for a video production company. while at an exposition she incurs 2000 in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd