Business, 02.08.2019 20:10 hailiemanuel3461

Rodriguez corporation issues 19,000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations. the stock has a $2 par value. the stock has neither par nor stated value. the stock has a $5 stated value.

Answers: 1

Show answers

Answers

Answer from: quavion61

Solved

Explanation:

Part 1: when stock has a $2 par value

Cash Debit 152000

Common Stock (19000*2) Cr. $38000

Paid-in Capital in Excess of Par Value (152000 - 38000) Cr.$ 114000

Part 2: when stock has neither par nor stated value

Cash Dr.152000

Common Stock Cr. 152000

Part 3: when stock has a $5 stated value

Cash Debit 152000

Common Stock (19000*5) Cr.$95000

Paid-in Capital in Excess of Stated Value (152000 - 95000) Cr.$57000

Answer from: Winzen07

Debt Credit

Cash 19,000 x 152,000 $ 2,888,000,000

Common Stock (19,000 x $ 2) $ 38,000

Paid Up Capital Exceeds the Value Set (19,000 x $ 5) $ 95,000

Further Explanation

Shares are securities or books which are a sign of ownership or equity participation in a company.

Stocks usually take the form of a piece of paper as proof. Shares can be obtained from the company concerned directly or from previous parties through the stock exchange (stock market).

Book Value of Shares

The book value of shares is the value of shares according to the company's books. The book value of the shares is obtained from the value of the remaining assets after deducting the company's liability if the shares are distributed. The book value shows the guarantee or how big the function of shares owned by investors. Some values related to book values include:

Nominal value is the value determined by the company for its shares. Agio share is the difference in price from an investor's payment to the company minus the nominal price of the stock. Capital value is the total amount paid by shareholders to the company, in the form of nominal value + share capital. Retained earnings are profits not distributed to shareholders which are used for investment as a source of internal company funds.

Cash Flow for Shareholders:

If you buy shares, you can get cash in two ways, namely:

The company pays dividends We sell shares (to other investors in the capital market or to issuers/companies that sell their shares to the public) Like bonds, stock prices are the present value of expected cash flows.

Learn More

Common Stock

Values of Shares

Detail

Class: College

Subject: Business

Keyword: Stock, Journal, Debt-Credit

Answer from: Quest

answer; (d) i believe that the correct answer is ; /// a new invention lowers the cost of production;

Answer from: Quest

a loan? that’s my guess, anywho.

Another question on Business

Business, 21.06.2019 21:00

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.

Answers: 3

Answer

Business, 22.06.2019 02:00

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Answers: 2

Answer

Business, 22.06.2019 10:30

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

Answers: 2

Answer

Business, 23.06.2019 11:50

Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. while most of iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, iceberg invested most of its retained earnings in the effort to improve its hard drives. once the hard-drive market drastically declined, iceberg storage was unable to capitalize on the new technology. which of the following does this scenario best illustrate a. causal ambiguity b. knowledge diffusion c. social complexity d. path dependence

Answers: 2

Answer

You know the right answer?

Rodriguez corporation issues 19,000 shares of its common stock for $152,000 cash on february 20. pre...

Questions