You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share? $200/share $2,000/share $500/share $5,000/share
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You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share?
$200/share
$2,000/share
$500/share
$5,000/share
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- Liberward, Inc., sold and issued 1,000 shares for $15 per share. The book value of the shares was $10 per share. The journal entry to record the share issue would include which of the following? A). A debit to Cash for $10,000. B). A credit to Common Shares for $10,000. C). A credit to Common Shares for $15,000. D). A credit to Cash for $15,0001) The following transactions took place in June for the Holista Corporation: June 1 Issued 1,000 shares of $100 preferred shares. 10 Issued 3,000 common shares for $18 per share. 15 Received land with a fair value of $60,000 and a building with a fair value of $180,000 in exchange for 15,000 common shares. Prepare journal entries for the above transactions.Prepare general journal entries for the following transactions of GOTE Company: (a) Received subscriptions for 10,000 shares of 2 par common stock for 80,000. (b) Received payment of 30,000 on the stock subscription in transaction (a). (c) Received the balance in full for the stock subscription in transaction (a) and issued the stock. (d) Purchased 1,000 shares of its own 2 par common stock for 7.50 a share. (e) Sold 500 shares of the stock on transaction (d) for 8.50 a share.
- A corporation issues 5,000 shares of common stock for $62,000. The stock has a stated value of $10 per share. The entry to journalize the stock issuance would include a credit to Common Stock for a. $50,000. b. $62,000. c. $5,000. O d. $25,000.The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? Group of answer choices.. $80,000. $10,000. $90,000. $100,000.The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? -$60,000. -$20,000. -$120,000. -$100,000.
- The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $750,000 and a credit or credits toEvon, a limited liability company, issued 1,000,000 ordinary shares of 25 cents each at a price of $1.10 per share, all received in cash. What should be the accounting entries to record this issue? A Debit: Cash $1,100,000 Credit: Share capital $250,000 Credit: Share premium $850,000 B Debit: Share capital $250,000 Debit: Share premium $850,000 Credit: Cash $1,100,000 C Debit: Cash $1,100,000 Credit: Share capital $1,100,000 D Debit: Cash $1,100,000 Credit: Share capital $250,000 Credit: Retained earnings $850,000Started business by issuing 10,000 ordinary shares for OR20,000. Journal entry will be: 20,000 Dr. cash Capital 20,000 Select one: 1.True 2. False
- The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently required. What is the amount of cash dividends to be paid if a $2/ per share dividend is declared?On January 1, you sold short one round lot (i.e., 100 shares) of Four Sisters stock at $21 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $15 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1?Which of these is considered an Liam owns 200 shares of stock, with a basis of $2,000. The stock split two for one. Liam shares at __ per now owns share. 400 shares at $5 per share. 400 shares at $10 per share. 200 shares at $10 per share. 200 shares at $20 per sh