Use the following information for questions. The following data are provided for Croatia Corp.'s last two fiscal years: Shareholders' Equity 15- 27 Additional information: On May 1, 2015, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2014, preferred dividends were NOT declared during 2015.The market price of the common shares was $100 at December 31, 2015.
-Aye Corp.was organized in January 2014 with authorized capital of 1,000,000 no par value common shares.On February 1, 2014, shares were issued at $10 per share.On March 1, 2014, the corporation's lawyer accepted 7,000 common shares with a fair value of $85,000 in settlement for legal services.Total shareholders' equity would increase on

Question

Use the following information for questions. The following data are provided for Croatia Corp.'s last two fiscal years:  Shareholders' Equity 15- 27 Additional information: On May 1, 2015, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2014, preferred dividends were NOT declared during 2015.The market price of the common shares was $100 at December 31, 2015.
-Aye Corp.was organized in January 2014 with authorized capital of 1,000,000 no par value common shares.On February 1, 2014, shares were issued at $10 per share.On March 1, 2014, the corporation's lawyer accepted 7,000 common shares with a fair value of $85,000 in settlement for legal services.Total shareholders' equity would increase on

Quizplus · Accepted Answer

The Answer of Use the following information for questions. The following data are provided for Croatia Corp.'s last two fiscal years:  Shareholders' Equity 15- 27 Additional information: On May 1, 2015, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2014, preferred dividends were NOT declared during 2015.The market price of the common shares was $100 at December 31, 2015.
-Aye Corp.was organized in January 2014 with authorized capital of 1,000,000 no par value common shares.On February 1, 2014, shares were issued at $10 per share.On March 1, 2014, the corporation's lawyer accepted 7,000 common shares with a fair value of $85,000 in settlement for legal services.Total shareholders' equity would increase on

Use the Following Information for Questions