Total paid-in capital amount

Assignment Help Accounting Basics

Reference no: EM13136163

Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:

Sold 5,000 shares of common stock for $18 per share.

Issued 5,000 shares of common stock in exchange for a patent valued at $100,000.

At the end of the Adler's first year, total paid-in capital amounted to:

a. $40,000.

b. $90,000.

c. $100,000.

d. $190,000.

Reference no: EM13136163

Questions Cloud

Presidential and parliamentary : In your own words, can you explain the advantages and disadvantages of the Presidential system in the United States and the Parliamentary system of the United Kingdom?

Calculate the number of grams of kclo3 needed : Calculate the number of grams of KClO3 needed to make 400 mL of 0.913 M solution.

Simon is the majority shareholder : Simon is the majority shareholder and managing director of Slowgo Pty Ltd which operates a chain of discount stores. Slowgo has very few assets and is not in a position to pay its debts.

Probability that randomly selected truck drivers are women : What's the probability that fewer than 2 of the randomly selected truck drivers are women? What is the expected number of women in a random selection of 20 truck drivers?

Total paid-in capital amount : Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:

Case study "delivering benefits" : answering these to questions on the Case Study "Delivering Benefits" in Human Resource management.Question 1. 1. Why is having multiple health-care plans important for FedEx in slowing down increases in the cost of benefits?

Calculate the average atomic mass of argon : Three isotopes of argon occur in nature - 36Ar, 38Ar, 40Ar. Calculate the average atomic mass of argon to two decimal places, given the following relative atomic masses and the abundances of each of the isotopes: argon

Public use for profit : Discuss the relevancy of this case to the charge of the adverse impact caused by activist judges on the American political system. You might want to read the dissent opinion by former Justice Sandra Day O'Connor and you may address the aftermath

What are the critical deficiencies : Do you think the recommendations put forth in the Exposure Draft are likely to be successful or not? If successful, what are the most significant attributes? If not successful, what are the critical deficiencies?

User Account

All Pages