The excess of issue price over par of common stock is termed a(n)

The excess of issue price over par of common stock is termed a(n) discount income deficit premium If Dakota Company issues 1, 500 shares of $6 par common stock for $75,000. Common Stock will be credited for $75,000 Paid-In Capital in Excess of Par will be credited for $9,000 Paid-In Capital in Excess of Par will be credited for $66,000 Cash will be debited for $66,000 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 8, 500 shares of stock at a price of $16 per share. The entry to record the above transaction would include a debit to Cash for $85,000 credit to Common Stock for $136,000 credit to Paid in Capital in Excess of Par for $51,000 debit to Common Stock for $85,000 A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $ 11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? $3, 200 $6, 400 $4, 800 $8, 800 The extra of concern rates over level of typical inventory was called a(letter) rebate earnings shortage premiums If Dakota organization problem 1, 500 companies of $6 level typical inventory for $75,000. Popular inventory might be paid for $75,000 Paid-In investment over level might be paid for $9,000 Paid-In investment over level might be paid for $66,000 money might be debited for $66,000 whenever Wisconsin enterprise is developed on January 1, the organization constitution given to 100,000 show of ten dollars level advantages typical inventory. Listed here deal is the type of involved with because of the firm during their very first thirty days of process: the organization given 8, 500 companies of inventory at a high price of $16 per show. The admission to capture the aforementioned deal would incorporate a debit to money for $85,000 credit score rating to typical inventory for $136,000 credit score rating to paid-in investment over level for $51,000 debit to typical inventory for $85,000 a business with 100,000 certified companies of $4 level typical inventory given 40,000 companies at $8. later, the business announced a 2per cent inventory bonus on a romantic date as soon as the selling price is $ 11 a share. What’s the quantity directed through the retained revenue levels to paid-in investment reports resulting from the inventory bonus? $3, 200 $6, 400 $4, 800 $8, 800
B.3. Paid-in investment over level might be paid for $
D. $ 8,800 ( 40,000 x 2per cent x $ 11)

66,000
C. 3. credit score rating to paid-in investment over level for $
51,000
A. 4. Superior

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