True or false? Issuance of 1,000 shares of $5 par value stock at $12 increases contributed capital by $12,000.
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True or false? Issuance of....given answer Accounting
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- true or false.d. Issuing 1,000 shares of $5 par-value stock at $12 increases contributed capital by $12,000.A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it at cost. What will be the effect on total stockholders' equity? a.decrease by $171,270 b.increase by $171,270 c.decrease by $76,120 d.increase by $76,120If 100 shares of treasury stock were purchased for $50 per share and then sold at $60 per share, $1,000 0f income is reported in the income statement. True False
- 1.000 shares of common stock with a par value of $5 is sold for $8. Which of the following is correct: A. Cash is debited for $5,000 B. Common Stock is debited for $5,000 C. Paid in Capital in Excess of Par is credited for $3,000 D. Common Stock is credited for $8,000Answer accounting questionA company issues 10,000 shares of $0.05 par value common stock for $25 per share. Which of the following is recorded at issuance? a. Credit Common Stock for $250,000. b. Credit Additional Paid-In Capital for $250,000. c. Credit Common Stock for $500. d. Credit Additional Paid-In Capital for $500.
- 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? Select one: a. Increase common stock and cash by $20,000 b. Increase cash by $300,000 and increase contributed capital by $300,000 c. Increase cash by $300,000 and increase retained earnings by $300,000 d. Increase revenues by $300,000If 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 $20,000A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Oa. $48,800 Ob. $19,200 Oc. $32,000 Od. $12,800
- V1What is the book value per share of the ordinary shares at the end of the year?If Company issues 3,000 shares of $8 par common stock for $51,000, a. Common Stock will be credited for $51,000. b. Paid-In Capital in Excess of Par will be credited for $27,000. c. Cash will be debited for $24,000. d. Paid-In Capital in Excess of Par will be credited for $24,000.