Business

Cameron Chapman

29 February, 22:04

A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is

A) $5,000.

B) $ 95,000.

C) $100,000.

D) $0.

+1

Answers (2)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital ...” 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

Agency relationships can exist outside an employer-employee relationship, and thus agency law has a broader reach than employment law does. true or false

A stock has a beta of 1.3 and an expected return of 12.8 percent. a risk-free asset currently earns 4.3 percent. a. what is the expected return on a portfolio that is equally invested in the two assets

In a contract in which goods and services are combined, the contract is always considered an agreement for the sale of goods

The Ethics Review Board at XYZ College is composed of students who were elected by the student body. When a student is charged with an ethics violation, the Board meets to hear both sides of the dispute in a confidential meeting.

Sunset Resort, a successful 100-year-old hotel and resort, entered into a co-marketing arrangement with Sleepytime Hotels, a five-star hotel chain. Both companies benefit from the new relationship.

New Questions in Business

Which of the following are considered to be personal financial statements? A. Budget and credit card statements B. Balance sheet and cash flow statement C. Checkbook and budget D. Tax returns

An economic model is a a. fictional representation of an entire economy. b. simplified representation of an economic environment. c. realistic version of an economic environment. d. detailed version of an economic issue.

Liquidity refers to: A. A company's cash availability B. A company's ability to general sales from use of its assets C. A company's operating cycle D. A company's amount of financial leverage E. A company's ability to meet its debt obligations

Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 2,300 shares of its common stock at $49 per share. On September 6, Biscayne Bay Water Inc.

Greg wants to encourage his boss to consider a new process for evaluating employee performance. what type of report will he most likely prepare?