QUESTION 4 What is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock? O A. It always equal the stated value. B. It always equal the par value. C. It is referred to as paid-in capital. D. It is always below the stated value.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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emaining Time: 1 hour, 12 minutes, 24 seconds.
uestion Completion Status:
OD.Does not affect total equity, but transfer amounts between the components of equity.
QUESTION 4
What is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock?
O A. It always equal the stated value.
O B. It always equal the par value.
O C. It is referred to as paid-in capital.
D. It is always below the stated value.
QUESTION 5
Use the following company information to calculate net cash provided or used by investing activities:
(1) Equipment with a book value of $131.250 and an original cost of $225,000 was sold at a loss of $12.750.
(2) Paid $46,500 cash for a new truck.
(3) Sold land costing $24,000 for $27.000 cash, realizing a $3,000 gain.
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Transcribed Image Text:board emaining Time: 1 hour, 12 minutes, 24 seconds. uestion Completion Status: OD.Does not affect total equity, but transfer amounts between the components of equity. QUESTION 4 What is the total amount of cash and other assets the corporation receives from its stockholders in exchange for its stock? O A. It always equal the stated value. O B. It always equal the par value. O C. It is referred to as paid-in capital. D. It is always below the stated value. QUESTION 5 Use the following company information to calculate net cash provided or used by investing activities: (1) Equipment with a book value of $131.250 and an original cost of $225,000 was sold at a loss of $12.750. (2) Paid $46,500 cash for a new truck. (3) Sold land costing $24,000 for $27.000 cash, realizing a $3,000 gain. LA Dchsend troseuncctock for SA5 750ench Click Save and Submit to save and submit. Click Save All Answers to save all answers. hp
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