User Account

All Pages

Prepare the entry for issuance under stock had a par value

Assignment Help Managerial Accounting
Reference no: EM132468717

Osage Corporation issued 2,000 shares of stock.

Instructions

Question 1: Prepare the entry for the issuance under the following assumptions.

Problem (a) The stock had a par value of $5 per share and was issued for a total of $52,000.

Problem (b) The stock had a stated value of $5 per share and was issued for a total of $52,000.

Problem (c) The stock had no par or stated value and was issued for a total of $52,000.

Problem (d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.

Problem (e) The stock had a par value of $5 per share and was issued for land worth $52,000.

Reference no: EM132468717

Questions Cloud

Determine the account balance in the adjusted trial balance : Trial Balance section of a worksheet and there is a credit of $380 in the Adjustments section, the account balance in the Adjusted Trial Balance section
Did the fasb and the iasb reach convergence on revenue : In your opinion, did the FASB and the IASB reach convergence on revenue recognition in the issuance of their respective new accounting standards?
What will be the biggest challenges facing organizations : In this assignment, you will create a PowerPoint presentation that outlines what you believe will be the biggest challenges facing organizations in the next 20.
Write a reflections paper on your experience : Master In Business Administration - relate the new material of learning to prior knowledge and hence a better understanding of the discipline. It also enhances
Prepare the entry for issuance under stock had a par value : Prepare the entry for issuance under The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.
How will you address a possible dual-role relationship : Post an explanation of how you might respond to the situation with the 15-year-old boy on the hotline. Include ways your decision may impact the client.
What is meant by a deep-discounted rights issue : Briefly explain what is meant by a deep-discounted rights issue, identifying the main reasons why a company might raise finance by this method.
Describe the impact of accidents and maltreatment : Chapter 5 of the course textbook discusses the brain development of the child in early life as well as the impact of accidents and maltreatment.
What is a ratio analysis and determine with example : In Accounting, what is a Ratio Analysis with example and how do they relate to liquidity, profitability, operational efficiency, and solvency?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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