If a company issues 2,500 shares of common stock at a market price of $48 per share, which of the following is the correct balance sheet effect? A. Increase cash by $120,000 and increase contributed capital by $120,000 B. Increase cash by $120,000 and increase earned capital by $120,000 C. Increase stock revenues by $120,000 D. Stock issuances are not reported on the balance sheet E. None of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a company issues 2,500 shares of common stock at a market price of $48 per share, which of the following is the correct balance sheet ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An investigator planning to study behavioral changes during alcohol intoxication will pay subjects for 6 hours of testing that includes drinking a moderate level of alcohol consumption and completing several long, selfadministered written
Answers (1)
Quill Manufacturing Business makes two models of marking pens. The requirements for each lot of pens in the three manufacturing departments are given below. All three departments are necessary in the production of both types of pens.
Answers (1)
Suppose you were trying to decide which of two machines to purchase. furthermore, suppose the length to which the machines cut a particular product part was important. no machine is perfect. cuts will vary from the specified cutting length.
Answers (1)
What is a career-related goal, a lifestyle-related goal, and a educated goal?
Answers (1)
Which of the following is true of services? A) They focus on establishing short-term relationships. B) Insurance and haircuts are examples of tangible products. C) They include intangible products like medical care.
Answers (1)
New Questions in Business
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock.
Answers (1)
If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False
Answers (1)
You are considering buying a share of stock in XYZ Corporation. At the end of years 1, 2, and 3 the stock will pay you a dividend of $15. In addition, at the end of the third year you expect to sell the share of stock for $100.
Answers (1)
Who is responsible for reporting identity fraud? Choose one answer. a. The victim of fraud b. The police c. Any of the three credit reporting agencies d. The company that accepted a stolen credit card or false information
Answers (1)
Your company just received dresses from a new dress designer from China to be sold at your business. These simple dresses can be wrapped on an individual in many ways to create a simple dress, as a top blouse only, or as an "After 5" dressier piece.
Answers (1)