A company issues 1,000 shares of common stock with a par value of $10 per share. The stock is sold for $15 per share. What is the amount of the additional paid-in capital?
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A company issues 1,000 shares of common stock with a par value of $10 per share. The stock is sold for $15 per share. What is the amount of the additional paid-in capital?
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- XYZ Corporation issued 1,000 shares of common stock with a par value of $10 per share. If the company received $15 per share from the issuance, what is the total amount of additional paid-in capital?Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. The company then resells 400 of these shares for $20 per share. Which of the following is recorded at the time of the resale? a. Credit Common Stock for $400. b. Credit Treasury Stock for $8,000. c. Credit Common Stock for $8,000. d. Credit Additional Paid-In Capital for $1,600.Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. Which of the following is recorded at the time of the purchase? a. Debit Treasury Stock for $32,000. b. Debit Common Stock for $30,000. c. Debit Common Stock for $32,000. d. Debit Treasury Stock for $2,000.
- 17) When a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include: A) A debit to Cash for $25,000. B) A debit to Additional Paid-in Capital for $25,000. C) A credit to Common Stock for $250,000. D) A credit to Additional Paid-in Capital for $225,000.Suppose a company declares a dividend of $0.50 per share. At the time of declaration, the company has 100,000 shares issued and 90,000 shares outstanding. On the declaration date, Dividends would be recorded for a. $0. b. $50,000. c. $45,000. d. $95,000.Which of the following would be included in the entry to record the issuance of 7,000 shares of $4 par value common stock at $27 per share? Cash would be debited for $28,000. Common stock would be debited for $28,000. Common stock would be credited for $189,000. Paid in capital in excess of par-common would be credited for $161,000.
- If a company issues 10,000 shares of $2 par value common stock at a market price of $30 per share, which of the following is the correct balance sheet entry? A. Increase revenues by $300,000 B. Increase common stock and cash by $20,000 C. Increase cash by $300,000 and increase common stock by $20,000 D. Increase cash by $300,000 and increase additional paid-in capital by $20,000If Dakota Company issues 1,100 shares of $6 par common stock for $24,200, a.Cash will be debited for $6,600. b.Common Stock will be credited for $24,200. c.Paid-In Capital in Excess of Par will be credited for $17,600. d.Paid-In Capital in Excess of Par will be credited for $6,600.a company currently has 200,000 shares issued and 190,000 shares outstanding. if the company purchases 20.000 shares of treasury stock, what amount of shares will be outstanding?
- MJH Company issued 50 shares of stock with a par value of $10 per share for $12 a share. The entry to journalize this would include: a credit to cash of $600 a debit to cash of $600 a debit to common stock of $500 a debit to Paid in Capital in Excess of Par of $100A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it at cost. a) what effect does this transaction have on revenue or expense of the period? b) what effect does it have on stockholders' equity?What is the current price of the stock?