User Account

All Pages

What journal entry would Violet make

Assignment Help Accounting Basics
Reference no: EM132889071

Problem - Violet Corporation issues 1,200 shares of $150 par value preferred stock at a price of $200 per share. It attaches a warrant to each share of stock that allows the holder to purchase one share of $20 par common stock at $50 per share. Given that the portion of the proceeds attributable to the preferred stock totals $230,303 and the portion attributable to the common stock warrants totals $9,697, what journal entry would Violet make to allocate the $240,000 ($200×1,200) issuance price?

Reference no: EM132889071

Questions Cloud

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
What journal entry will Cole make to record the conversion : Assume Cole Corporation originally issued 300 shares of $50 par convertible preferred stock at $110 per share. What journal entry will Cole make
How can sandra communicate high standards to coworkers : How can Sandra communicate high standards to her coworkers?
How many containers do we have to transport : How many containers do we have to transport - Explain how the government is strategically aligning itself under areas
Determine the compensation expense : The fair value per SAR is $15 at the end of 2019 and $27 at the end of 2020. Determine the compensation expense for 2020

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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