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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
النسخة 16الرقم المعياري الدولي: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
النسخة 16الرقم المعياري الدولي: 978-0077862381 تمرين 48
Morgan Moving Corporation was organized with authorization to issue 100,000 shares of $1 par value common stock.orty thousand shares were issued to Tom Morgan, the company's founder, at a price of $5 per share.o other shares have yet been issued.hich of the following statements is true
a.organ owns 40 percent of the stockholders' equity of the corporation.
b.he corporation should recognize a $160,000 gain on the issuance of these shares.
c.f the balance sheet includes retained earnings of $50,000, total paid-in capital amounts to $250,000.
d.n the balance sheet, the Additional Paid-in Capital account will have a $160,000 balance, regardless of the profits earned or losses incurred since the corporation was organized.
a.organ owns 40 percent of the stockholders' equity of the corporation.
b.he corporation should recognize a $160,000 gain on the issuance of these shares.
c.f the balance sheet includes retained earnings of $50,000, total paid-in capital amounts to $250,000.
d.n the balance sheet, the Additional Paid-in Capital account will have a $160,000 balance, regardless of the profits earned or losses incurred since the corporation was organized.
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In the small organization there is one o...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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