Business, 21.05.2020 00:14 joej0778

If a corporation issued 25,000 shares of $1.00 par common stock for $2.85 per share. The appropriate journal entry for the IPO is:

a) Date Account
1-Jan Cash $25,000
Common Stock $25,000
b) Date Account
1-Jan Cash $71,250
Common Stock $71,250
c) Date Account
1-Jan Cash $25,000
Additional Paid in Capital $46,250
Common Stock $71,250
d) Date Account
1-Jan Cash $71,250
Additional Paid in Capital $46,250
Common Stock $25,000

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:40, adrian08022

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.

Answers: 1

continue

Business, 23.06.2019 00:00, linseyamaker2961

What is a sales lead? a. an employee on the customer service team who deals with existing customers b. a sales person who works on a residual commission structure c. an expert in maslow's hierarchy of needs d. a potential customer who has shown interest in the company's product

Answers: 1

continue

Business, 23.06.2019 02:50, shay03littletop5kx2p

In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?

Answers: 1

continue

Business, 23.06.2019 10:00, yani2568

Governments sometimes erect barriers to trade other than tariffs and quotas. which of the following is not an example of this type of trade barrier? a. a requirement that the employees of domestic firms that engage in foreign trade pay income taxes b. restrictions on imports for national security reasons c. a requirement that imports meet health and safety requirements d. a requirement that the u. s. government buy military uniforms only from u. s. manufacturers

Answers: 2

continue

You know the right answer?

If a corporation issued 25,000 shares of $1.00 par common stock for $2.85 per share. The appropriate...