What is the appropriate entry when issuance of share capital

Assignment Help Accounting Basics
Reference no: EM132759549

Problem 1: Under the journal entry method, what is the appropriate entry when there is an issuance of share capital?

a. Credit to unissued share capital

b. Credit to authorized share capital

c. Debit to authorized share capital

d. Credit to share capital

Reference no: EM132759549

Questions Cloud

How much will you have when you retire : If you earn 9 percent compounded annually on your? investment, how much will you have when you retire in 40 ?years
Functional areas of business organizations : Also define the term productivity and explain its importance in an organization.
What will be the correct journal entry : If the treasury shares were reissued for ?600,000, what will be the correct journal entry? Ordinary Shares, 50,000 shares ?100 par ?5,000,000
What is period costs under variable costing method : In the first month of operation, 3,000 units were produced and 2,250 units were sold. What is Period costs under variable costing method
What is the appropriate entry when issuance of share capital : Under the journal entry method, what is the appropriate entry when there is an issuance of share capital? Credit to unissued share capital
Demand in an exposure period : How will the new retail store meet demand in an exposure period?
What is the covariance between the returns on the shares : The correlation coefficient of the returns on shares in the two companies is 0.75. What is the covariance between the returns on the shares
Construct the sinking fund schedule : Construct the sinking fund schedule. In five years, P18, 000.00 will be needed to pay for a building renovation. In order to generate this sum
Discuss the major issues in emergency management : What are the major challenges that lie ahead? Suggest some strategies for dealing with these challenges

Reviews

Write a Review

Accounting Basics Questions & Answers

  Evaluate bethlehem steels valuation allowance in relation

From the case study, evaluate Bethlehem Steel's valuation allowance in relation to the company's ability to use deferred tax benefits in the future.

  What criteria does organization consider

What criteria should be used when considering where to place a facility? What criteria does your organization consider when deciding the location

  Dalmeyer co is preparing the companys statement of cash

dalmeyer co. is preparing the companys statement of cash flows for the fiscal year just ended. using the following

  Houston fashions is considering a new product line that

houston fashions is considering a new product line that would require an investment of 140000 in fixtures and displays

  What is the yield to maturity on this bond

The Saleemi Corporation's $1,000 bonds pay 9 percent interest annually and have 12 years until maturity. What is the yield to maturity on this bond

  What amount be represented as the subsidiary Equipment

If Raby pays $450,000 in cash for Fletcher, what amount would be represented as the subsidiary's Equipment in a consolidation at December 31, 2019

  Make all required General Fund journal entries

Make all required General Fund journal entries for the Doyle County Public Schools for 20X6, including adjusting entries, required by the following information

  How much can be deduct as business expenses

If someone went on business trip for 5 days and extended for extra 4 days for vacation; How much can be deduct as business expenses

  Explain what will say about the petty cash fund

You work as an administrative assistant, What will you say about the petty cash fund? Should you have made the loan to Gloria? Why or Why not?

  Capital account be recorded

The partnership also assumed a $12,000 note payable owed by Robert that was originally used to purchase the equipment. What amount should Robert's capital account be recorded?

  Marksbury company is recording a loss in value of its

marksbury company is recording a loss in value of its trading securities. the entry to record this change in value

  What was accumulated fund at start of year

What was accumulated fund at start of year? No accruals and pre paymens and no capital expenditure of capital receipts for year

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