Determine total contributed capital created by transactions

Assignment Help Accounting Basics
Reference no: EM132479318

Problem 1: Assured Corp. has recently incorporated. The company issued common shares to a lawyer who provided legal services worth $7,500 to help organize the corporation. It issued common shares to another person in exchange for his patent with a market value of $45,000. In addition, Assured Corp. received cash both for 2,500 of its $1.50 preferred shares at $10.00 per share and for 35,000 of its common shares at $12.50 per share. Without making journal entries, determine the total contributed capital created by these transactions.

Reference no: EM132479318

Questions Cloud

Confidence interval for the mean additional amount : Find and interpret a? 90% confidence interval for the mean additional amount of tax owed for estate tax returns.
Confidence affect the sample size? required : A doctor wants to estimate the mean HDL cholesterol of all? 20- to? 29-year-old females. How many subjects are needed to estimate the mean HDL cholesterol
Explain health and physical conditions of young adulthood : Explain some health and physical conditions of young adulthood explain some genetic influences, behavioral, and other influences that directly and indirectly.
What is the statistic : He records the number of siblings for each of 75 randomly selected students in the school. What is the statistic?
Determine total contributed capital created by transactions : The company issued common shares to a lawyer who provided legal services worth, determine the total contributed capital created by these transactions.
What is the value of the unreadable score : If the mean score in the exam was 81and the mean of the 19 readable scores what is the value of the unreadable score?
Describe the developmental theories of anxiety : Anxiety disorders are among the most prevalent mental health conditions. Although they are less visible than schizophrenia, depression, and bipolar disorder.
What are the odds of jo winning a free lunch : Jo puts 5 cards in the bowl. The bowl has 100 cards. What are the odds of Jo winning a free lunch?
How can calculate loss on redemption and discount on bond : Determine How can calculate the loss on redemption and discount on Bond? Show me the steps on how to calculate those two.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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