The par value of capital stock is greater than stated value

Reference no: EM131016828

The Paid-in-Capital in Excess of Stated Value account is used when

	The par value of capital stock is greater than the stated value.
	Capital stock is sold at an amount greater than stated value.

	The market value of the stock rises above its stated value.
	The number of shares issued exceeds the stock’s stated value

Bonds are typically issued in units of:

	$1,000
	$100

	$100,000
	$10,000

none of the above

A lease will be classified as a capital lease if:

	The sum of the lease payments is the same as the purchase price.
	The term of the lease is at least 60% of the useful life of the asset.

	The lease contains a bargain purchase option.
	The lease is non-negotiable.

None of the above

A $5 million, 20 year, 12% bond issued on May 1, 2011, at face with interest payable on May 1 and Nov. 1 will require a debit to Interest Expense on May 1, 2013, in the amount of:

	100,000
	150,000

	200,000
	300,000

none of the above

Bonds sold at a price greater than their face value are said to be sold at a:

	premium
	discount

	bargain
	temporary reduction

none of the above

Reference no: EM131016828

Questions Cloud

Besides industrialization, colonialism and imperialism : Besides industrialization, colonialism and imperialism were two other transformative developments for both Western and non-Western societies. (a) What is the difference between the two? How are they similar or overlapping? (b) How did they impact ..

Describe your favorite interpretation : Please describe your favorite interpretation of what happened in the Vietnam War.

Discuss the various performance objectives of avis : Discuss the various performance objectives of AVIS. Explain why Avis Car Hire tries to locate branches close to its customers

Determine the coefficients for the adams-moulton method : Derivation of Adams-Moulton. Determine the coefficients β0, β1, β2| for the third order, 2-step Adams-Moulton method. We will do this two different ways.

The par value of capital stock is greater than stated value : The Paid-in-Capital in Excess of Stated Value account is used when

Provide a narrative of the history of the world : Is it possible to provide a narrative of the history of the world without emphasizing the significance of China to the East and the West? Why, or why not?

Determine the horizontal component of the force : Exhaust (assumed to have the properties of standard air) leaves the 4-ft-diameter chimney shown in Fig. with a velocity of 6 ft/s. Because of the wind, after a few diameters downstream the exhaust flows in a horizontal direction with the speed of ..

Average collection period : pproximately 20% of Universal Exports Inc.'s customers take advatange of the discount and pay on the 10th day. The remaining 80% take an average of 35 days to pay off their accounts. What is Universal Exports Inc.'s days sales outstanding (DSO) or..

What is the author saying about a specific historical : In Erich Maria Remarques book "All quiet on the western front," 1. What is the author saying about a specific historical experience?

User Account

All Pages