On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?

Answers

Answer 1

Answer:

$76,000

Explanation:

Equipment Fair Value = $116,000. Thus, total value of shares issued is same.

No of common shares issued = 4,000

Price per share issued = 116,000/4000 = $29/shares

Par value per share = $10

Total Par Value of Shares issued = 4,000*$10 = $40,000

Amount in excess of par per share = $29 - $10 = $19

Total Amount to be credited in APIC-CS = $19 * 4000 = $76,000. Thus, amount to be allocated to Additional Paid In Capital-CS = $76,000.


Related Questions

Which financial statement reports the company's revenues and selling costs over a period of time?

Answers

Answer:

Income Statement

Explanation:

The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.

An income statement has three parts,

The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns. The expenditure section indicates all the expenses the business incurred in generating its revenues.The income section tells whether the business made a loss or a profit.  It is the difference between the revenue and the expenses.  

Markets fail to allocate resources efficiently when a. demanders and suppliers cannot agree on a price. b. property rights are not well established. c. too many buyers and sellers exist in the same market. d. goods are rival in consumption and excludable.

Answers

Answer:

b. property rights are not well established.

Explanation:

Since in the question it is mentioned that the markets is not able to allocate or distribute the resources efficiently and this would happen at the time when the property rights were not well created or developed

Therefore as per the given situation, the option b is correct

hence, the same is to be considered

ANd, the rest of the options are wrong

The
is a voice for small business.
O SBA
O SCORE
O SBDC

Answers

The voice for small business is SBA

Answer:

SBA

Explanation:

Jewel does not get along with her employer, and today she found out that she is going to be demoted next week. She didn't confront her boss; instead, when she got home, she yelled at her children and spanked her youngest child for a minor wrongdoing. Jewel's behavior is a classic example of

Answers

Answer:

Yes

Explanation:

Stress and Depression

In this text, Grady is expressing high hopes based on the South's A. capital investment and labor base. B. social system and new diversified industry. C. new diversified industry and capital investment. D. social system and labor base.

Answers

Answer: social system and new diversified industry

Explanation:

Based on the text, we can derive the information that in the past, the South was about slavery and secession but that it's dead.

The new South is about union and freedom which represents a perfect democracy, and there is a social system that is closely knitted and compact and a diversified industry. Therefore, Grady is expressing high hopes based on the social system and the new diversified industry.

appraisal report must include a disclosure of the scope of the work that: the client requested at the time of the assignment. the appraiser performed in the assignment. the client requested upon completion of the assignment. the appraiser determined to be appropriate at the start of the assignment.

Answers

Answer:

The correct answer is the appraiser performed in the assignment.

Explanation:

In order to appraise, or evaluate someone's work, the report must include all details of the work performed. Otherwise, how else would that finished job be evaluated? It's important to describe the work done in order to determine how well or how badly the appraiser performed in the assignment, according to the appraisal report.

Describe the three different ways the argument section of a cover letter can be formatted.

Answers

Answer:

i think they are personal, formal and informal

Explanation:

im not sure but i think thats it

The three different ways for formatting the argument section of a cover letter are paragraphs, bullet points, and T-form.

The formal paragraph format uses the block paragraphs ideal for a business letter, wherein the argument of the cover letter is presented in the second and third paragraphs in complete sentences.

The bullet points format lists the argument of the cover letter as bulleted points instead of in paragraph form. Using bullet points focuses on the applicant's qualifications, making them attractive to the reader.

Lastly, the argument section of the cover letter can be presented in a T-form. This format enables the applicant to compare the requirements of the vacancy notice with their qualifications.

Thus, the argument section of a cover letter can be formatted uniquely, depending on the occasion and the reader.

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What does making a good decision mean?? How can I make a good decision?

Answers

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the Opposite

Monopolistically competitive firms do not achieve allocative efficiency because the _____. Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost

Answers

Answer:

price for a monopolistically competitive firm exceeds the marginal cost

Explanation:

Monopolistically competitive firms do not achieve allocative efficiency because the "price for a monopolistically competitive firm exceeds the marginal cost"

Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.

In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.

describe the problem of transportation in Nepal ​

Answers

Answer:

Nepal is a nation located in the Himalayan Mountains, bordering India and China, being a kind of buffer nation between both powers.

Given its location, it does not have access to the sea, which makes maritime transport impossible. In addition, the rivers that pass through its territory are at such an altitude that river transport is impossible.

On the other hand, its mountainous location makes the construction of routes that connect the nation with its neighbors complex, since they must avoid the highest mountains on the planet in a few kilometers of range. Even so, some routes cross the country from east to west, delivering Nepalese products to China and India.

This makes air transport the most effective within Nepalese territory, where there are some 44 airports located, the most important being that of its capital, Kathmandu.

The Southwest Clothing Company borrowed a sum of cash on October 1, 2016 and signed a note payable. The annual interest rate was 12% and the company's year Income Statement (accounting period ending December 31) reported interest expense of 1.260 € related to that note. What was the amount borrowed?

Answers

Answer:

$42,000

Explanation:

Calculation for the amount borrowed

Amount borrowed=$1,260/(12% x 3/12)

Amount borrowed=$1,260/0.03

Amount borrowed=$42,000

Note that October 1, 2016 to 31 December 2016 will gives us 3 months

Based on the above calculation $42,000 which is the amount borrowed x 12% x 3/12 = Interest expense amount of $1,260

Therefore the amount borrowed is $42,000

When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist? Group of answer choices

Answers

Answer:

as taxes increase, there is a decrease in supply

Explanation:

In which period of industrial revolution industries experienced the need of selling function

Answers

Answer:

Industrial revolution industries experienced the need of selling function is explained below in details.

Explanation:

The Industrial Revolution converted economics that had been based on cultivation and craftsmanship into markets based on large-scale manufacturing, mechanized production, and industry arrangement. New instruments, new energy sources, and new forms of creating a product made present industries more fruitful and effective.

What is possibly the biggest reward of becoming an entrepreneur? *
a. empowerment
b. fame
c. money
d. none of the above

Answers

Answer:

c.

Explanation:

because it is busineas

Janna owns a jewelry shop that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a

Answers

Answer:

Piece rate system

Explanation:

The piece rate system is the system in which the price is paid according to the units make or produced

Since in the question it is mentioned that the Janna sells handmade jewellery and her employees would paid a specific amount for each bracelet and necklace they developed irrespective of the time it takes so this represents the piece rate system

So the same is to be considered

What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours

Answers

Answer:

A

Explanation:

Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.

What is Tax?

Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.

One of the ways to reduce the amount of tax payable is to donate money to a charity.

Therefore, (A) is the correct option.

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Find the value of y from the following observations if these are already arranged in ascending order. The Median is 63.

20, 24, 42, y , y +2, 73, 75, 80, 99​

Answers

Answer:

answer is 62

Explanation:

median=(N+1)/2

= (8+1)/2

=4.5

So we have,

median=4.5th item

or,63= (4th item+5th item)/2

or, 63= (y+y+2)/2

or,63×2= 2y+2

or,126=2y+2

or,126-2=2y

or,124=2y

or,124/2=y

or,y=62

The US economy is in a recession. Explain how to use the fiscal OR monetary policies of the US government to positively impact the economy of the United States. List three different policies and how they could be applied.

Answers

Answer:

Recession is the downfall of economy and and different fiscal policies can help support the economy and uplift the economic activity.

Explanation:

A recession may be defined as a downfall of the economy or a decline in the economic activity. It occurs if there is a drop in spending.

The Fiscal policy of the government or the monetary policy helps to sustain the economy of the country. The main aim of the fiscal policy is to support the people and strengthen the downward shock and help them to stand against the recession.

Firstly the fiscal policy of the federal government should support the one losing their jobs with resources and benefits.

Secondly the government can distribute some funds to the households to support their families so that the people can survive and also there would be some purchasing power to the economy.

The Federal government can support the States spending. The monetary policy can guarantee loans to the businesses.

Shawna offers to type Philip's research paper at the price of $6 per page. Philip's paper will be 20 pages long and will cost him a total of $120. Shawna wants a deposit of $60 before she agrees to begin typing. Philip does not know if he has enough money to pay Shawna and states that he will contact her tomorrow regarding her offer. Shawna has second thoughts regarding Philip's ability to pay her for the services. Shawna calls Philip and withdraws her offer before Philip accepts it. She is able to do this because she has the right of

Answers

Answer:

Revocation

Explanation:

Based on the information given She is able to do this because she has the right of REVOCATION which means the right to cancel , terminate, withdraw or bring a contract to an end due to some reason just as the case of Shawna and Philip's in which we were told that Shawna had a second thought on wheither Philip's will have the ability to pay her for the services she is about to rendered to him by deciding to calls Philip in order to withdraw her offer before Philip accepts it.

Therefore Shawna is able to withdraw her offer because she has the right of REVOCATION

On August 1, Suba Company purchased computer equipment for $10,000 cash and also gave 100 shares of XYZ common stock that Suba Company held as an investment. The XYZ common stock cost Suba Company $5,000 and on August 1 had a fair value of $4,200. The installation costs for the computer equipment were $700 and shipping costs were $500. What amount should be the total amount debited to the computer equipment account

Answers

Answer:

the amount that debited to purchased cost is $15,400

Explanation:

The computation of the total amount debited to the computer equipment account is as follows:

= Purchase cost + fair value + installation cost + shipping cost

= $10,000 + $4,200 + $700 + $500

= $15,400

Hence, the amount that debited to purchased cost is $15,400

The same is relevant and considered

The first thing that the customer needs to do to take a loan is what

Answers

Check their credit will be your answer hope this helped plz mark brainlist

Explain the impact of future expectations on the current economy.

Answers

Answer:

Future expectations on the current economy are a very important factor that influences economic performance. In fact, expectations have become part of mainstream economics, and the Chicago School of Economics in particular, is famous for its contributions to the field.

Explanation:

For example, if people think that the economy in the future will be bad, they will tend to spend less money, invest less, or only invest in very safe securities like U.S. Treasury bonds, and hoard some of their cash, for future spending. Another behaviour that could be displayed is using cash to buy large quantities of goods, in order to hoard them for the future.

These kind of actions would depress economic activity, or slow down recovery, because they would not only result in less consumption, but also less investment, and investment is one of the most important factors (if not the most, according to many economists) when determining future economic growth.

In a purely competitive labor market, each firm employs such a ______ fraction of the total available supply of a specific type of labor that no firm can influence the ______. Multiple choice question. small; interest rate large; wage rate small; wage rate

Answers

Answer:

small; wage rate

Explanation:

The purely competitive market is a wage taker as there are many number of firms who wants to purchase the labor services in that market also there are many number of workers who have similar skills and wants to sell their labor services

So as per the given situation, the each and every kind of firm wants to employs a small fractions of total supply available so that no firm could influence the wage rtae

Therefore the last option is correct

When the source data is final and will not be edited, you can use a static consolidation.
(TRUE OR FALSE)

Answers

Answer:

False

Explanation:

Data consolidation is a command that summarizes information from multiple excel worksheets and combines them in a single consolidated worksheet.  The command does not affect the original data. Consolidation is either static or dynamic.A change in the origin or source worksheets does not reflect in the consolidated worksheet in static consolidation. Dynamic means that a change in the source worksheets will be updated in the consolidated data automatically.When the source data is final and will not be edited, dynamic consolidation is applicable.

If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to the rest of the world are $30 billion, then GDP is

Answers

Answer:

$220 billion

Explanation:

GNP is $200 billion

Factor income from the rest of the world is $10 billion

Factor income to the rest of the world is $30 billion

Therefore the GDP can be calculated as follows

= $200 billion + (30 billion- 10billion)

= $200 billion + 20 billion

= $220 billion

Hence the GDP is $220 billion

____________ occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise.

Answers

Answer:

Shill bidding

Explanation:

Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise

Leisure Time Corp. follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. The obligation for earned but unused vacation should be

Answers

Answer:

Accrued as a current liability

Explanation:

From the question we are informed about Leisure Time Corp. which follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. In this case The obligation for earned but unused vacation should be Accrued as a current liability. current liabilities in accounting are liabilities in the firm that involves cash when settling it, in the fiscal year as well as operating cycle of a particular company

do a man's physical strength allows his to work more effectively than a women?

Answers

Answer:

yes

Explanation:

if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game

Answer:

yes

Explanation:

what he said  ^

       

The phrase leadership praise followers in public private is really a statement concerning what two important parts of communication?

Answers

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

Here the Encoding means that the sender that is leader, sends the message that is praise in the public, to an effect, that is using certain symbols including actions, words, etc, such that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver that is followers quickly understood the message, that is praise in the public or punishment in the private, in a way that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

Using the SMART goal-writing criteria, what refers to asking how to achieve the goal?

Specific
Measurable
Attainable
Realistic

Answers

The correct option is B. Using the SMART goal-writing criteria, Measurable refers to asking how to achieve the goal.

By making goals specific, measurable, attainable, reasonable, and timely, SMART goals position you for success. The SMART method encourages you to go further, provides you with a feeling of purpose, and you in organizing and achieve your objectives.

Why is having a goal important?

Setting objectives can help you develop new habits, focus more clearly, and maintain your momentum in life. Goals also aid in concentration alignment and foster a sense of self-mastery. In the end, it comes down to the fact that you can't manage what you don't measure and that you can't improve on what you don't adequately manage.

In order to set goals, a SMART goal is utilized as a guide. The letters SMART, which stand for "specific, measurable, attainable, realistic, and timely," are an acronym. As a result, a SMART goal includes all of these criteria to help you focus your efforts and improve your chances of success.

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