Journal entry-record stock issuance

Reference no: EM1357493

A corporation issues $2,000 Shares of common stock for $32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a. $20,000
b. $32,000
c. 12,000
d. 2,000

Reference no: EM1357493

Questions Cloud

To what angle did the pendulum swing on the other side : A 10 runaway grocery cart runs into the spring with spring constant 230 and compresses it by 65. What was the speed of the cart right before it hit the spring.

Ocd tendencies-function of poor memory : Do you or someone you know have any OCD tendencies? Do you think this explanation is valid? Do you think OCD is a function of poor memory, or is another causal agent at play?

Determine authorized stock of a corporation : Sims Corporation originally issued 2,000 shares of $10 par value common stock for $60,000. Sims subsequently purchases 200 shares of treasury stock for $27 per share and sells the 200 shares of treasury stock for $29 per share.

Explain what are some of the inequities in opportunities : Explain What are some of the inequities in opportunities for women

Journal entry-record stock issuance : A corporation issues $2,000 Shares of common stock for $32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

Recruitment and selection strategies recommendations : Clapton Commercial Construction has an annual net revenue of $10,000000, but are expecting a -3% revenue growth the first year after expansion.

How demand and supply service to change in the next year : What are the factors that affect the supply and demand of that good or service. How do you expect the demand and supply of that good or service to change in the next year.

Journal entries-effective interest method : Compute the issue price of a $1,500,000 bond issue and prepare the journal entries for the issuance and first years' interest payments (use the effective interest method). Assume the bonds are paid semiannually (June 30 and December 31).

Explain what is the professional background of this leader : Explain What is the professional background of this leader and What personal information or experience that led to his or her passion for managing diversity?

User Account

All Pages