Business, 27.08.2019 04:30 madinaxoxo605
Renwood, inc. contracted for services to be provided over a period of time in return for 2,000 shares of renwood's $5 par common stock when the service is completed. at the time, renwood stock was selling for $10 per share. when the service was completed, renwood's stock price was $12 per share. therefore, renwooda. recognizes $24,000 of expense. b. increases the common stock account $12,000.c. increases contributed capital in excess of par $10,000.d. credits a liability for $20,000.
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Renwood, inc. contracted for services to be provided over a period of time in return for 2,000 share...
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