Reference no: EM13920195
LMN issued 200 shares of its preferred stock, par $20, and 500 shares of its common stock, par $10 for a total cash consideration of $15,000. The current over-the-counter (OTC) stock prices for its stock were: Preferred, $25; Common, $20. The issue entry for the preferred and common stock combined would be as follows:
The total consideration paid equals the sum of the market values of the individual securities sole; therefore no allocation is necessary.
Cash .............................15,000
Preferred stock (200 x $20).....4,000
Common stock (500 x $10).....5,000
Contributed capital in excess of par,
Preferred stock ($25 - $20)20....1,000
Contributed capital in excess of pay,
Common stock ($20 - $10)500....5,000
|
Identify systems being used in terms of purpose of system
: Discuss how the different systems used in the first question are being handled - The purpose of the system and the problem it helped in solving?
|
|
What is the equivalent annual cost of machine
: Deniro's, Inc. is analyzing two machines to determine which one they should purchase. The company requires a 14 percent rate of return and uses straight-line depreciation to zero book value with no salvage value. What is the equivalent annual cost of..
|
|
What is minimal annual inventory cost of current strategy
: Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 200000 units per year. Components purchased from Supplier B are priced at $ 4 each and are used at the rate..
|
|
Assuming kerr earns a before interest expense recognition
: Assuming Kerr earns a before interest expense recognition profit of $400 during 2013, determine the amount of interest and dividends paid.
|
|
Shares of its common stock
: LMN issued 200 shares of its preferred stock, par $20, and 500 shares of its common stock, par $10 for a total cash consideration of $15,000. The current over-the-counter (OTC) stock prices for its stock were: Preferred, $25; Common, $20.
|
|
Challenge of crime in a free society
: In the United States, the criminal justice policy is guided by "The Challenge of Crime in a free Society." The report has over two hundred of recommendations. The recommendations are about ways to combat and fight crime in the American society.
|
|
What is the geometric average return for four-year period
: Over the last four years, the common stock of Plymouth Shippers has had an arithmetic average return of 9.3 percent. Three of those four years produced returns of 14.1 percent, 15.6 percent, and 3.4 percent, respectively. What is the geometric averag..
|
|
Identifying both the premises and conclusion
: Consider an argument you have recently had with a friend, family member, manager, co-worker, or someone else. Identify the topic of the argument and present that argument in premise-conclusion form, identifying both the premises and conclusion.
|
|
Confidence interval estimate
: 1. A 99% confidence interval estimate can be interpreted to mean that 2. Which of the following is not true about the Student's t distribution?
|