Beluga inc. issued 10000 shares of .02 par value common, Ask an Expert

Finance

1). Alpaca Inc. issued 300,000 shares of no-par common stock at $15 per share. What is the journal entry to record this transaction?

2). Beluga Inc. issued 10,000 shares of $.02 par value common stock at $20 per share. For how much should the company credit its Additional Paid-in Capital account?

3). Emu Inc. reissued 8,000 shares of treasury stock at $44 per share. The stock, which has a par value of $.03, cost the company $30 per share two years ago. How much paid-in capital from treasury stock will the company have as a result of this transaction?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M928519

Have any Question?

Related Questions in Basic Finance

Social networking is a popular method of communication for

Social networking is a popular method of communication for individuals, businesses, and organizations of all kinds. Conduct some research online and identify how companies are utilizing some of the most popular social ne ...

Your are the investment advisor for your aunt who would

Your are the investment advisor for your aunt who would like to invest $1,250,000 with a AAA rated insurance company that will pay her a "monthly" fixed-payment annuity for the next 20-years. Calculate the monthly paymen ...

Metallica bearings inc is a young start-up company no

Metallica Bearings, Inc. is a young start-up company. No dividends will be paid on the stock over the next nine years, because the first needs to plow back its earnings to fuel growth. The company will pay a $7 per share ...

You take out an 8700 car loan that calls for 36 monthly

You take out an $8,700 car loan that calls for 36 monthly payments starting after 1 month at an APR of 9%.

Martin enterprises needs someone to supply it with 109000

Martin Enterprises needs someone to supply it with 109,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract. It will cost you $740, ...

When alice spends the day with the babysitter there is a 05

When Alice spends the day with the babysitter, there is a 0.5 chance she turns on the TV and watches a show. Her little sister Betty cannot turn on the TV by herself. But once the TV is on, Betty watches with probability ...

You are given the following quotesusnbspdollarmexican

You are given the following quotes: U.S. dollar/Mexican Peso = 0.4637 U.S. dollar/Australian Dollar = 0.6921 U.S dollar/Chinese Yuan = 0.1825 What is the Chinese Yuan/Australian Dollar cross rate? How to find net float i ...

Question - assume a company has 10 million shares of stock

Question - Assume a company has 10 million shares of stock outstanding and that its Income Statement for Year 12 is as follows: Income Statement Data Year 12 (in 000s) Net Revenues from Footwear Sales $ 300,000 Cost of P ...

How would you evaluate flash memorys performance and

How would you evaluate flash memory's performance and financial position?

Assignment - write a financial analysis for a us-based

Assignment - Write a financial analysis for a U.S.-based, publicly traded organization. To begin, research the latest two years of financial statements for a publicly traded organization based in the United States. Obtai ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert