On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?

Answers

Answer 1

Answer:

$76,000

Explanation:

Equipment Fair Value = $116,000. Thus, total value of shares issued is same.

No of common shares issued = 4,000

Price per share issued = 116,000/4000 = $29/shares

Par value per share = $10

Total Par Value of Shares issued = 4,000*$10 = $40,000

Amount in excess of par per share = $29 - $10 = $19

Total Amount to be credited in APIC-CS = $19 * 4000 = $76,000. Thus, amount to be allocated to Additional Paid In Capital-CS = $76,000.


Related Questions

In a _____ plant strategy, plants have the flexibility and capability to produce a range of products. This leads to greater responsiveness to market changes, though at slightly lower levels of productivity.

Answers

Answer:

The correct answer is general-purpose.

Explanation:

When it comes to general-purpose plant strategies, it allows plants to be more flexible than usual and produce a whole variety of products, instead of just focusing on one or few products. This way, plants can diversify easily and cater to their clients' needs and be far more productive and successful.

Chloe received this email in her spam folder recommending a stock. What aspects of the letter should concern her? Choose four correct answers.

Answers

Answer: Edg 2021: A, B, D, E

Explanation:

After hearing an announcement made by a major soft-drink company, the APCS Soft Drink Company has decided to hire you to write a similar program to run their next-generation soda machine (which is still being developed). The concept behind this machine is that people buy more soft drinks when the weather is hot; and they will pay higher prices for their soft drinks at those times. This is an example of how supply and demand influences prices.

Answers

Answer:

Yes

Explanation:

Yes, this concept is an example of supply and demand. When there is a limited supply of a product like the soft drinks in the vending machines then the price would match the number of people that want to buy the product. If in a very hot day more people want to buy a soft drink to cool down then the supply will begin to decrease as more people buy, this will create an increase in price as people would be ok with paying more money in order to be one of the lucky few to get one of the few soft drinks that are left.

How does a fixed exchange rate set the value for a currency?
A. By setting it at a specific value based on another currency
B. By adjusting the price based on the supply and demand for it
C. By comparing the terms of trade between multiple countries
D. By evaluating the overall economic health of different countries

Answers

A fixed exchange rate set the value for a currency by setting it at a specific value based on another currency. Thus the correct answer is A.

What is currency?

A currency is referred to as a form of money that is utilized for buying and selling goods. This currency differs in value from country to country. A fixed exchange rate system is one in which the value of one currency is equal to the valuation of another common currency.

Two currencies from different countries will be shared at an equal price with the help of a fixed exchange rate, the prices of the currency will fluctuate based on the factors like demand and supply as well as inflation.

Therefore, option A by setting it at a specific value based on another currency is appropriate.

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Answer:

A. By setting it at a specific value based on another currency

Explanation:

Please help i will give brainliest
Approximately how many people in the world have FB accounts?

50.4 million
1.7 billion
100 million
3.5 billion

Answers

Answer:

the answer is 3.5 billion i think

Answer:

3.5 billion

Explanation:

Which financial statement reports the company's revenues and selling costs over a period of time?

Answers

Answer:

Income Statement

Explanation:

The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.

An income statement has three parts,

The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns. The expenditure section indicates all the expenses the business incurred in generating its revenues.The income section tells whether the business made a loss or a profit.  It is the difference between the revenue and the expenses.  

If you are planning to put up a business what is the first thing that you should do to make your business successful

Answers

Great capital or decorative shop or good advicer

Net present value is the difference between the: present value of future net income and the capital investment. future cash inflows and the capital investment. future cash inflows and the present value of the capital investment. present value of future net cash flows and the capital investment.

Answers

Answer:

A. present value of future net income and the capital investment.

Explanation:

Net present value is the difference between the present value of future net income and the capital investment.

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The net present value (NPV) of a project can be defined as the difference between present value of cash-inflow into a project and that of cash-outflow over a specific period of time. Thus, it is simply the value of all cash-flows for a project with respect to its life span.

If customer satisfaction is a criterion for decision making, then customer satisfaction
a. Will be all that matters in the decision making process
b. Will be considered in the decision making process
C. Will not be considered in the decision making process
d. None of the above

Answers

I’m going to go with b. Will be considered in the decision making process.

I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.

If customer satisfaction is a criterion for decision making, then customer atisfaction, will be considered in the decision making process. This is further explained below.

What is decision-making?

Generally, The process of choosing choices by recognizing a decision, acquiring information, and evaluating possible answers is known as decision making.

In conclusion, when a customer's satisfaction is a decision-making criterion, then customer satisfaction will be taken into account in the decision-making process.

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Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices

Answers

Answer:

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).

Explanation:

The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year.  On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.

what is the main aim of business office​

Answers

Answer:

the main aim is to aim for correct and fast work

(Which best describes the relationship between the Governance pathway and the Regulation pathway?) 1. The Governance pathway involves military jobs that the Regulation pathway pays for. 2.The Regulation pathway performs research for community development to creates plans about how the city will grow. 3.The Governance pathway makes many of the laws that the Regulation pathway enforces. 4.The Regulation pathway sets the specifications for buildings and facilities that the Governance pathway inspects and reviews.

Answers

Answer:

3.The Governance pathway makes many of the laws that the Regulation pathway enforces

Explanation:

Given that the Governance pathway includes involves the public office holder to make and execute public policy by working with other stakeholders in the government, such as officials, constituents, and interest groups.

And Regulation pathway involves a civil servant who applies the technical, industry, legal relational knowledge, and regulatory systems to ensure the successful execution of the public policy created by the government or public officeholders.

Hence, the relationship between the Governance pathway and the Regulation pathway is "The Governance pathway makes many of the laws that the Regulation pathway enforces."

Answer:

3.The Governance pathway makes many of the laws that the Regulation pathway enforces

Explanation:

Regulations involve enforcement of the rules the government (the governance pathway) sets.

When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist? Group of answer choices

Answers

Answer:

as taxes increase, there is a decrease in supply

Explanation:

Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting

Answers

Answer:

4,750

Explanation:

Calculation for How many additional votes are required to guarantee a seat on the board

First step is to Calculate for STRAIGHT VOTING

Using this formula

Additional Votes= ((Shares of stock outstanding/2)+1)

Let plug in the formula

Additional Votes=((28,500/2)+1)

Additional Votes=14,251

Second step is to calculate for CUMULATIVE VOTING

Using this formula

Additional Votes= ((Shares of stock outstanding/(Number of seats +1))+1)

Let plug in the formula

Additional Votes=((28,500/(2 +1))+1)

Additional Votes=9,501

Last step is to calculate How many additional votes are required

Using this formula

Additional votes =STRAIGHT VOTING additional vote-CUMULATIVE VOTING additional Votes

Let plug in the formula

Additional votes = 14,251-9,501

Additional votes = 4,750

Therefore How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting is 4,750

If a salesperson notices a billing error in an order, he or she should: Group of answer choices let the finance team take a call on it. inquire about the severity of the error and act accordingly. wait until the customer notices it. correct billing problems without being prompted by the customer. leave it to the senior management to decide whether or not to rectify it.

Answers

Answer:

c. Correct billing problems without being prompted by the customer.

Explanation:

If a salesperson notices a billing error in an order, he or she should correct billing problems without being prompted by the customer. A Salesperson should act there after the notice and fix the billing problems for the customer as it may result in confusion later.

If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holding the checking account as money is:

Answers

Answer:

the opportunity cost of holding the checking account as money is 1%

Explanation:

The computation of the opportunity cost of holding the checking account as money is shown below:

= Interest rate on the government bond - interest rate on checking account

= 2% - 1%

= 1%

Hence, the opportunity cost of holding the checking account as money is 1%

We simply applied the given formula so that the correct percentage could come

When the source data is final and will not be edited, you can use a static consolidation.
(TRUE OR FALSE)

Answers

Answer:

False

Explanation:

Data consolidation is a command that summarizes information from multiple excel worksheets and combines them in a single consolidated worksheet.  The command does not affect the original data. Consolidation is either static or dynamic.A change in the origin or source worksheets does not reflect in the consolidated worksheet in static consolidation. Dynamic means that a change in the source worksheets will be updated in the consolidated data automatically.When the source data is final and will not be edited, dynamic consolidation is applicable.

Provide 10%interest on capital value rs 2 lakh

Answers

The answer is 12 percent total

Answer:

show time at first there

what does white space mean in terms of advertising?


A. Space within the advertising region that is text only


B. Space within the advertising region that is filled


C. Space within the advertising region that is colorful


D. Space within the advertising region that is left unmarked and unfilled

Answers

Answer:

D. Space within the advertising region that is left unmarked and unfilled

Explanation:

Hope this helps!!

The meaning of the word  white space in advertising refers to Space within the advertising region that is left unmarked and unfilled. Thus, option (D) is correct.

What is Advertising?

Advertising is a marketing strategy that involves paying for advertising space to sell a product, service, or movement. Marketing messages, or ads for short, are the real commercial messaging.

Advertising's purpose is to contact those who are most likely to be ready to pay for a company's goods or services and convince them to purchase them.

White space in a design is empty space or negative space that occurs surrounding all text in a design layout used in advertising. The space may seem to be empty, yet it is most likely the most crucial aspect of how the design seems to the human eye.

Therefore, it can be concluded that option (D) is correct.

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Which government agency oversees the Bureau of Consumer Protection?

Federal Deposit Insurance Corporation
Federal Trade Commission
National Credit Union Administration
Office of the Comptroller of the Currency

Answers

Answer:

Federal Trade Commission

Explanation:

The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.

FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.

Juwan eagerly opened an online trading account, believing that his market savvy would allow him to pick stocks that would make him a rich day trader. This belief best illustrates... a scientific attitude a scientific attitude critical thinking critical thinking overconfidence overconfidence hindsight bias

Answers

Answer:

overconfidence

Explanation:

Since in the question it is mentioned that the Juwan who early opened an online trading account and he believed that his market savy would permit him to pick up the stocks so that he could become richer trader

But this represents that he is overconfidence as he believe himself more than his judgments i.e. not appropriate as the overconfidence destroy the things

Therefore the same is to be considered

Question. Why do people enjoy eating candy and snacks? Why do you enjoy eating candy/snacks?

Answers

Sugar activates dopamine in the brain, which makes you feel happy and it’s a sort of reward

What is resouces??.?​

Answers

Answer:

resources are a type of knowledge used in the mind and/or brain. basically gathering information from sites, text, stories, books, etc.

Explanation:

Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right employees? __________, which is an important part of the organizing function, Includes dividing a large task Into smaller tasks and assigning the same to the right employees.

Answers

Answer:

i think its division of labor but im not sure

Explanation:

its right on edmentum/plato i just took the test

Answer:

division of labor

Explanation:

plato answer

Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

Answers

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

Please help
What is the best social media site to use if you want to do professional networking? MySpace
FB
LinkedIn
Twitter

Answers

Answer:

Linkedin

Explanation:

Linkedin Is an awsome way to get your name out there and be mad known and also to communicate with others in the profession you would like to go into :)

Answer:

LinkedIn

Explanation:

When should you replenish a petty cash fund?


every week


at the end of the month


when it has reached a certain dollar amount


both b and c

Answers

Answer:

both b and c

Explanation:

A Petty Cash Fund is a convenient way of paying for small transactions.  It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.

Joe and Janice run an accounting firm. The firm receives $5,000,000 as income from its services. It pays an annual rent for office premises amounting to $240,000. The salary paid to staff amounted to $100,000. Other operating expenses added up to $24,000. What is the net income earned by their business? The total expenses of the accounting firm amounted to $ . Thus, the net income earned by the business is $ .

Answers

Answer:

Expenses:  $364,000.00

Net income :  $4,636,000.00

Explanation:

The total expenses will be the sum of

Rent     $240,00.00

Salaries     $100,000.00

Operating expenses   $24,000.00

Total expenses   $364,000.00

Net income is the total revenue - total expenses

=$5,000,000.00  - $364,000.00

=$4,636,000.00

Why would a bank be more likely to make a loan to someone with a FICO score of 750 rather than someone with a score of 500? a) The higher the score, the greater the interest rate the lender can charge the borrower b) The closer the score to zero, the less the person owes in debt to other companies c) The higher the score, the less risk to the lender that the borrower will be past due on their payments d) None of the above

Answers

Answer:

c) The higher the score, the less risk to the lender that the borrower will be past due on their payments

Explanation:

Fair Isaac Corporation scores are used to measure the creditworthiness of a borrower. The higher the credit scores, the higher the chances of the borrower paying back what was borrowed. Credit scores are in ranges. Credit scores below 500 are rated as Poor and indicates that the borrower's chances of returning what was borrowed are very low.

Credit scores between 740-799 are rated as very good and indicate that the borrower would be prompt in the repayment of his loan.

Answer: the higher the score, the less the risk to the lender that the borrower will be past due on their payments

Explanation:

A bank manager argues that everyone has equal access to home loans, and if they cannot get one it is based on lack of effort, not race. Which colorblind ideology does this exemplify

Answers

Answer:

A. abstract liberalism

Explanation:

Since in the question it is mentioned that the bank manger said that the everyone should access to home loans but if it is not done than the reason would be the lacking of effort not race so this represent the abstract liberalism as everyone provides the equal opportunity irrespective of the race, religion, culture they belongs

Hence, the correct option is A.

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