Comparison to the value of the stock

Assignment Help Accounting Basics
Reference no: EM133659659

Question: A shareholder may contribute both stock and services. In order to NOT be treated as relatively small in value in comparison to the value of the stock, the value of stock exchanged for property must be no less than % of the value of the services provided.

Reference no: EM133659659

Questions Cloud

Prepare all necessary entries : On July 1, 2024 issued 1,000 of the bonds and received a cash payment in the total amount of $906,000. Please prepare all necessary entries
What are the most useful financial statements : What are the most useful financial statements at the individual/family level? Financial plan statement and cash-flow statement Balance sheet and cash-flow
Determine the impact of the transaction : Determine the impact of the transaction below on the Stockholder's Equity category of the Accounting Equation. Transaction: SCS majority shareholder
What will be the consequence if the government sets a limit : What will be the consequence if the government sets a limit on credit card interest rates that is above the market equilibrium?
Comparison to the value of the stock : Comparison to the value of the stock, the value of stock exchanged for property must be no less than % of the value of the services provided
Pursuing achievement is positive thing to undertake : When it does not cause harm to other people, pursuing achievement is a positive thing to undertake.
What is the financial advantage of further processing : What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point?
What will happen to the number of firms in the market : The figure below depicts short-run market equilibrium in a perfectly competitive market. What will happen to the number of firms in this market in the long run?
Exception of the company inventories : David's inventories on January 1, 2022 were estimated to have a fair value that was $16,000 higher than their book value

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is a Current Liabilities - Bank Loan, Current Portion

Suppose a business receives a $476,000 long-term bank loan on December 31, 2019. What is a Current Liabilities - Bank Loan, Current Portion

  What will be general journal entry to record the insurance

What will be the general journal entry to record the insurance usage on November 30, 2021 assuming this adjusting entry is made each and every month

  Prepare entries to account for the same transactions

The price reflected a yield of 7 percent. Prepare entries to account for the same transactions in an appropriate governmental fund

  The corporation currently uses a manufacturing facility

the corporation currently uses a manufacturing facility costing 500000 per year 75 of the facilitys capacity is

  Prepare the adjusting entry for manufacturing overhead

Prepare the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to Cost of Goods Sold. Determine the gross profit

  Advise pjh bhd on the accounting treatment of the gain

Advise PJH Bhd on the accounting treatment of the gain or loss on disposal for the above situation according to MFRS 9 Financial Instruments

  Wheeler company issued 5000 shares of its 5 par value

wheeler company issued 5000 shares of its 5 par value common stock having a fair value of 25 per share and 7500 shares

  Discuss accrual accounting principles

Discuss accrual accounting principles and apply these to a business that you: work for, have worked for, have observed, or have researched.

  Distinguish between exchange and nonexchange transactions

Identify and describe the four eligibility requirements for a government to recognize revenue in a nonexchange transaction.

  What is inverness net pay

Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Inverness's net pay

  What is a current liability from the perspective of a user

what is a current liability? from the perspective of a user of financial statements why do you believe current

  Does Angela have a contract of service

Does Angela have a contract of service or a contract for service with Stenbach Service Centre As the company's Payroll Supervisor

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!

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