Business, 13.12.2019 05:31, candaceblanton
Alpha sounds corp., an electric guitar retailer, was organized by michele kirby, paul glenn, and gretchen northway. the charter authorized 1,000,000 shares of common stock with a par of $1. journalize the entries to record the following transactions affecting stockholders' equity, which were completed during the first year of operations. refer to the chart of accounts for exact wording of account titles.
a) issued 100,000 shares of stock at par to paul glenn for cash.
b) issued 3,000 shares of stock at par to michele kirby for promotional services provided in connection with the organization of the corporation, and issued 45,000 shares of stock at par to michele kirby for cash.
c) purchased land and a building from gretchen northway in exchange for stock issued at par. the building is mortgaged for $180,000 for 20 years at 6%, and there is accrued interest of $5,200 on the mortgage note at the time of the purchase. it is agreed that the land is to be priced at $60,000 and the building at $225,000 and that gretchen northway's equity will be exchanged for stock at par. the corporation agreed to assume responsibility for paying the mortgage note and the accrued interest.
Answers: 2
Business, 22.06.2019 13:30, OnWheels
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
Business, 22.06.2019 19:50, joel4676
The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000
Answers: 2
Business, 23.06.2019 01:30, sabrinarasull1pe6s61
Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?
Answers: 3
Alpha sounds corp., an electric guitar retailer, was organized by michele kirby, paul glenn, and gre...
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