No-par common stock : The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation. Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes. To record: the journal entry for the issuance of no-par common stock for B Corporation.

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Answer 1

Question

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

(b)

To determine

To Journalize: the issuance of common stock for S Company.

2.

To determine

To find: which type of stock results in more total paid-in capital.

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Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning inventory Ending inventory Finished goods (units) 70,000 20,000 Raw material (grams) 50,000 60,000 Each unit of finished goods requires 3 grams of raw material. The company plans to sell 880,000 units during the year. How much of the raw material should the company purchase during the year? a. 2,550,000 grams b. 2,490,000 grams c. 2,480,000 grams d. 2,500,000 grams

Answer 2

Question

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

(b)

To determine

To Journalize: the issuance of common stock for S Company.

2.

To determine

To find: which type of stock results in more total paid-in capital.

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Answer 3

Question

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

(b)

To determine

To Journalize: the issuance of common stock for S Company.

2.

To determine

To find: which type of stock results in more total paid-in capital.

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Answer 4

Question

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

(b)

To determine

To Journalize: the issuance of common stock for S Company.

2.

To determine

To find: which type of stock results in more total paid-in capital.

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Answer 5

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

(b)

To determine

To Journalize: the issuance of common stock for S Company.

2.

To determine

To find: which type of stock results in more total paid-in capital.

Answer 6

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

Answer 7

Chapter 13, Problem 13.20E

1. (a)

To determine

No-par common stock: The common stock that is issued at its fair market value is known as no-par common stock. Common stock are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receives a share of profit from the profits earned by the corporation.

Stated value: It refers to the appropriate value of the stock determined by the board of directors of a corporation for accounting purposes.

To record: the journal entry for the issuance of no-par common stock for B Corporation.

Answer 8

(b)

To determine

To Journalize: the issuance of common stock for S Company.

Answer 9

(b)

To determine

To Journalize: the issuance of common stock for S Company.

Answer 10

2.

To determine

To find: which type of stock results in more total paid-in capital.

Answer 11

2.

To determine

To find: which type of stock results in more total paid-in capital.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 13 - Prob. 1QC Ch. 13 - Prob. 2QC Ch. 13 - Suppose Value Home and Garden Imports issued...Ch. 13 - Prob. 4QC Ch. 13 - Prob. 5QC Ch. 13 - Assume that a company paid 6 per share to purchase...Ch. 13 - Prob. 7QC Ch. 13 - A small stock dividend a. decreases common stock....Ch. 13 - Jackson Health Foods has 8,000 shares of 2 par...Ch. 13 - Prob. 10QC

Solution Summary: The author describes the accounting equation for the journal entry for issuance of no-par common stock for B Corporation.

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To Journalize: the issuance of common stock for S Company.

To find: which type of stock results in more total paid-in capital.

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