Record the sale of the common stock

Assignment Help Accounting Basics
Reference no: EM132889075

Problem - Par Value and No-Par Stock Issuance Caswell Corporation is authorized to issue 10,000 shares of common stock. It sells 6,000 shares at $19 per share.

Required - Record the sale of the common stock, given the following independent assumptions:

The stock has a par value of $10 per share.

The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share.

The stock has no-par and no stated value.

Reference no: EM132889075

Questions Cloud

Identify two insights you have gained into talent management : Identify two (2) insights you have gained into talent management. For each insight, discuss how and why your thinking and/or behavior have changed
Why is it important to gather and report valid-reliable data : A company that sells tea and coffee claims that drinking two cups of green tea daily has been shown to increase mood and well-being. This claim is based on sur
Organizational development and change management consulting : You have a successful background in organizational development and change management consulting. You have just been hired by a large Fortune 500 facilities mana
Pick any return management technology : Discuss two technologies that help in transferring the business strategy to Omni-Channel Strategy and Pick any return management technology
Record the sale of the common stock : Par Value and No-Par Stock Issuance Caswell Corporation is authorized to issue 10,000 shares of common stock. Record the sale of the common stock
At what price per share were the treasury shares reissued : What journal entry would Tulip make to record the reacquisition of 2,000 shares of its common stock at $12 per share
What journal entry will Lily make to record the recall : If the call price is $185 per share, what journal entry will Lily make to record the recall of these shares
Leading indicator of staffing effectiveness : Which of the following is a leading indicator of staffing effectiveness?
What journal entry would Violet make : Violet Corporation issues 1,200 shares of $150 par value preferred stock at a price of $200 per share. What journal entry would Violet make

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are cash receipts from customers

The beginning balance in accounts receivable is $40,000, the ending balance is $35,000, and sales during the period are $130,000. What are cash receipts

  What is the break-even point in units for each product

Total fixed expenses for the entire company are $282,000 per year. What is the break-even point in units for each product

  Calculate the stand-alone selling price of the five-year

What amount would Monitor calculate as the stand-alone selling price of the five-year right to operate as a Monitor Muffler retail establishment

  What is the cost of preferred stock of the firm

The assignment in this module builds on the idea of forecasting and valuation theory in Module Six by valuing a company through calculations using real data.

  Describe the controversial topic you have chosen

Use this template to prepare your final project, the persuasive speech, which will be due during the last week of this class. Use complete sentences.

  Manufacturing overhead for an estimated allocation base

The Ilarion Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost.

  Do owe a duty of confidentiality to the husband

Do owe a duty of confidentiality to the husband, or may you share his comments with his wife? Do you have a conflict of interest in representing both spouses?

  Describe broke image fair use or copyright laws

Describe what you or the person or persons you observed did that broke image fair use or copyright laws. breaking copyright and fair use law

  Rose company had no short term investments prior

Rose Company had no short  term investments prior to year 2013. It had the following transactions involving short term investments in available for sale securities during 2013.

  Draw up a projected debtors schedule of Flex Group

Salaries will be paid at 15 000 on January and 10% increase thereafter per month. Draw up a projected debtors schedule of Flex Group

  For the year cash sales are30000 and credit sales are

for the year cash sales are30000 and credit sales are 1200000. management estimates that 1 is the sales percentage to

  Prepare the tax return using the actual tax documents

Leslie wants to designate $3 for the Presidential Election Campaign Fund. Prepare the tax return using the actual tax documents

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd