When a company receives $50,000 in exchange for issuing 1,000 shares of common stock. The total...
When a company receives $50,000 in exchange for issuing 1,000 shares of common stock. The total liabilities increase by:
Homework Answers
Answer:-
$50000
Assets = liabilities + equity
Then here common stock exchange for cash.
Then liabilities increases same amount .
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When a company receives $50,000 in exchange for issuing 1,000
shares of common stock. The total...
Emerald Co. has 50,000 shares at $12 par common stock outstanding. If the company decides to...
Emerald Co. has 50,000 shares at $12 par common stock outstanding. If the company decides to declare a 2-to-1 stock split, the total stockholders' equity will: Select one: a. increase by $600,000 b. not change c. increase by $300,000 d. decrease by $50,000
Issuing new shares of common stock will Select one: a. decrease common stock. b. increase common...
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D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of...
D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to record the issue of 50,000 shares of common stock for $18 per share cash. D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to...
EX3 You own 100 shares of common stock Company A. In total there are 1,000 shares...
EX3 You own 100 shares of common stock Company A. In total there are 1,000 shares outstanding and the share price is 100. The company's earnings at the end of the year are going to be 15,000 and they should be paid out as dividends Assume the company, instead, decides to repurchase half shares and issue debt for an equal amount at a 7.5% interest rate. What would you do if you wanted to receive the same payout as in...
Dynex Inc. has 5,000 shares of treasury stock with a total cost of $50,000. The company...
Dynex Inc. has 5,000 shares of treasury stock with a total cost of $50,000. The company re-issues 3,000 of those treasury shares for $15 per share. When the share are re-issued: Treasury Stock decreases by $45,000 Treasury Stock decreases by 30,000 Net Income increases by $15,000 Common Stock increases by $45,000
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P1 the stock in exchange for the lar On June 30, 2017, Sharper Corporation's common stock...
P1 the stock in exchange for the lar On June 30, 2017, Sharper Corporation's common stock is priced at $62 per share before any stock divi- d splits dend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 200,000 660,000 Paid-in capital in excess of par value, common stock Retained earnings $1,360,000 Total stockholders' equity 1. Assume that the company declares...
Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry...
Moses, Inc receives $50,000 in cash in exchange for ownership in their company. Which journal entry should Moses, Inc. record? Group of answer choices a. DR: Revenue 50,000; CR: Stock 50,000 b. DR: Cash 50,000; CR: Stock 50,000 c. DR: Stock 50,000; CR: Cash 50,000 d. DR: Cash 50,000; CR: Revenue 50,000
If a company issues 1,000 shares of common stock at a market price of $20 per...
If a company issues 1,000 shares of common stock at a market price of $20 per share, which of the following is the correct balance sheet effect? A. Increase cash by $20,000 and increase contributed capital by $20,000 B. Increase cash by $20,000 and increase earned capital by $20,000 C. Increase stock revenues by $20,000 D. Stock issuances are not reported on the balance sheet E. None of the above
On April 10, a company acquired land valued at $58,000 in exchange for 1,000 shares of...
On April 10, a company acquired land valued at $58,000 in exchange for 1,000 shares of $50 par common stock with a current market price of $57. Journalize this transaction. 3. 4. A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of $3 noncumulative preferred stock, $50 par, and 100,000 shares of $10 par common stock. Jounalize the following transactions that were completed during the first year of operations: Jan. 30 Issued...
D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to record the issue of 50,000 shares of common stock for $18 per share cash. D. Duck Company was authorized to issue 100,000 shares of $6-par value common stock and 80,000 shares of $90-par value preferred stock. Give the general journal entry required in the attached workpaper to...
EX3 You own 100 shares of common stock Company A. In total there are 1,000 shares outstanding and the share price is 100. The company's earnings at the end of the year are going to be 15,000 and they should be paid out as dividends Assume the company, instead, decides to repurchase half shares and issue debt for an equal amount at a 7.5% interest rate. What would you do if you wanted to receive the same payout as in...
Dynex Inc. has 5,000 shares of treasury stock with a total cost of $50,000. The company re-issues 3,000 of those treasury shares for $15 per share. When the share are re-issued: Treasury Stock decreases by $45,000 Treasury Stock decreases by 30,000 Net Income increases by $15,000 Common Stock increases by $45,000
Bobbit charter authorizes 200,000 shares of $20 par value common stock and 50,000 shares of 6% cumulative and nonparticipating preferred stock, par value $100/sh. Bobbit engaged in the following stock transactions 1. Issued 40,000 shares of common stock for $1,920,000 2. Issued 10,000 shares of preferred stock in exchange for machinery valued at $1,120,000 3. Purchased 1,000 shares of common stock at $46/sh for the treasury. 4. Sold 500 shares of treasury stock for $51 per share At Dec 31,...
P1 the stock in exchange for the lar On June 30, 2017, Sharper Corporation's common stock is priced at $62 per share before any stock divi- d splits dend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 200,000 660,000 Paid-in capital in excess of par value, common stock Retained earnings $1,360,000 Total stockholders' equity 1. Assume that the company declares...
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