User Account

All Pages

Give the entry for the issuance

Assignment Help Accounting Basics
Reference no: EM132019950

Questions -

Parker Corporation has issued 1,700 shares of common stock and 340 shares of preferred stock for a lump sum of $63,000 cash.

Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the fair value $50. (Each valuation is on a per share basis and there are ready markets for each stock.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132019950

Questions Cloud

What was free cash flow for the fiscal year ended : What was free cash flow for the fiscal year ended in 2011? (You may need to do some Internet research to find a definition of free cash flow)
How much would the parents have to save each year : Using the key information for the scenario above, how much would the parents have to save each year for 18 years to have exactly the amount of money needed.
Prepare a flexible manufacturing budget : Gundy Company expects to produce 1,234,080 units of Product XX in 2012. Prepare a flexible manufacturing budget for the relevant range
Determine the net present value for the project : NPV and IRR Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $19, 460.
Give the entry for the issuance : Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40
What is the payback period on the given investment : Northern Specialties just purchased inventory-management computer software at a cost of $1, 684, 950. Cost savings from the investment over the next six years.
Determine the internal rate of return for the project : NPV and IRR Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $17,300.
What is your definition of corporate global responsibility : Briefly discuss the following questions about the Case "Vigeo and CSR - The Daughter of Globalization": What is definition of Corporate Global Responsibility
Evaluate the project npv in given case : A project has annual cash flows of $5,000 for the next 10 years and then $9,000 each year for the following 10 years. The IRR of this 20-year project is 10.21%.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain concept behind homestakes disclosure of deferred tax

Explain the concept behind Homestakes disclosure of gross deferred tax liabilities (future taxable amounts) and gross deferred tax assets (future deductible amounts).

  Linking transactions with balance sheet and income statement

This is a case that I would like from you to solve. it is about an accounting but I would to follow the instructions precisely by linking the transactions with the balance sheet and the income statement.

  Selected year-end financial statements of mccord

selected year-end financial statements of mccord corporation follow. all sales were on credit selected balance sheet

  The cash register total including sales taxes

The cash register total including sales taxes is $42,000, and the sales tax rate is 5%. What is the sales taxes payable?

  Calculate the amount to be debited or credited

Calculate the amount to be debited or credited for depreciation expense to be shown in the preparation of the 2009 consolidated income statements

  Why you feel ed needs to conduct a physical inventory

Discuss why you feel Ed needs to conduct a physical inventory. How will this impact the financial statements

  Money multiplier certificates

A leading broker has advertised money multiplier certificates that will triple your money in nine years; that is, if you buy one for $333.33 today, it will pay you $1,000 at the end of nine years. What rate of return will you earn on these money m..

  Calculate the net present value of the helicopter purchase

Calculate the net present value of the helicopter purchase and state whether or not the firm should by it, and why. What is the IRR of this investment

  Prepare the entries for sunland company

Prepare the entries for Sunland Company, assuming the gross method is used to record sales and cash discounts

  What is the new market value of the company

TUV Guy Inc. is proposing a rights offering. There are currently 240,000 shares outstanding at $80 each. There will be 60,000 new shares offered at $60 each. What is the new market value of the company? How many rights are associated with one of th..

  Calculate the cost of goods sold using the fifo method

Assuming the perpetual method is used, the company sold 3,200 units at $18 each on account, Calculate the cost of goods sold using the FIFO method

  Would you recommend a stock dividend or a stock split

Your company has been very profitable and expects continued financial success. Its stock price has reached a point where the company needs to make it more affordable. Would you recommend a stock dividend or a stock split? Why?

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