Original partners estimate that the shares have market value

Assignment Help Financial Accounting

Reference no: EM131221746

The two original shareholders of a LLC issued 40,000 shares of common stock to a valued employee (vice-president of marketing) who was being wooed by a rival company. The employee is prohibited from selling the shares for 5 years and did sign a non-compete agreement. Recall that the stock has a par value of $0.50 per share. However, the original partners estimate that the shares have a market value of $25 per share.

Prepare the necessary journal entries.

Reference no: EM131221746

Questions Cloud

Outline an efficient method that generates the k : Outline an efficient method that generates the k most representative patterns, where more distinct patterns are preferred over very similar patterns. Illustrate the effectiveness of your method using a small data set.

How is the top leader selected differently : Identify a few key differences between a parliamentary and a presidential system. How is the top leader selected differently? How do you think this difference impacts the kind of people who are chosen?

Factors affecting international business today : Discuss some of the major factors affecting international business today.

Find the probability that you are dealt a pocket pair : Using the result from part (a) and your analysis in part (b), find the probability that you are dealt a "pocket pair," that is, two cards of the same denomination

Original partners estimate that the shares have market value : The two original shareholders of a LLC issued 40,000 shares of common stock to a valued employee (vice-president of marketing) who was being wooed by a rival company. The employee is prohibited from selling the shares for 5 years and did sign a non-c..

Create a graphic organizer : Using power and political behavior, create a graphic organizer (matrix, Venn diagram or flow chart) in which you represent the following:

What happens to the supply and demand curves : Draw the supply and demand for loans as functions of the pretax real interest rate, r. - what happens to the supply and demand curves.

Ow to mine such association rules using constraint-based : The price of each item in a store is non-negative. The store manager is only interested in rules of certain forms, using the constraints given in (a)-(b). For each of the following cases, identify the kinds of constraints they represent and briefl..

What are some of the major concerns for hmis planners : What are the key concepts underlying IT services management? Why are these various concepts important, and how do these relate to the HMIS post-implementation stage?

User Account

All Pages