User Account

All Pages

How much is recorded to the account

Assignment Help Accounting Basics
Reference no: EM132958852

Questions -

(1) Fox Co. received a total of $940,000 for selling 20,000 common shares ($2 par and $30 market price) and 3,000 preferred shares ($100 par and $120 market price). In Fox's entry on issuing this stock at this bargain lump-sum price, how much is recorded to the account, "Additional-Paid-In Capital - Common Stock"?

(2) A material overstatement in ending inventory was discovered after the year-end financial statements of Owl Co. were issued to the public. What effect did this error have on these year-end financial statement items, respectively?

Reference no: EM132958852

Questions Cloud

Find the accounting rate of return on this equipment : The company has a 10% required rate of return and uses the straight-line depreciation method. Find the accounting rate of return on this equipment
Which one of the statements about the flow of foreign direct : Which one of the statements about the flow of Foreign Direct Investment (FDI) is INCORRECT? India is receiving the highest inflow of of Foreign Direct
Calculate direct materials used during the year : Selected operating data from Beta Company from last year is shown below. Based on this information calculate (a) direct materials used during the year
What is strategic outsourcing in supply chain management : What is strategic outsourcing in supply chain management
How much is recorded to the account : In Fox's entry on issuing this stock at this bargain lump-sum price, how much is recorded to the account, "Additional-Paid-In Capital - Common Stock"
What risk does losing their collective bargaining rights : Why were politicians in 2011 so interested in trying to repeal collective bargaining rights for public sector employees?
Challenges of performance management : How is the challenges of performance management in the public sector related to wicked problems?
Administration of hr policies and practices : 1. What is the relationship between the HR functions and other operations of the organization in the administration of HR policies and practices?
What is Owl diluted earnings per share : Owl issued its only dilutive security, $2,000,000, 6%, 9-year bonds at par, convertible to 60,000 common shares. What is Owl's 2020 diluted earnings per share

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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