To record the issuance of 5,400 shares for land, debit Land for $78,000, credit Common Stock for $54,000, and credit Additional Paid-In Capital for $24,000.
Explanation:The question involves a corporate transaction where a company is issuing common stock in exchange for land. In accounting, such a transaction requires journal entries that reflect the exchange of assets. Given that 5,400 shares of stock with a $10 par value each are issued for land valued at $78,000, the entry on the corporation's books would be to debit (increase) the Land account for $78,000, and credit (increase) the Common Stock account for the par value of the shares, which is 5,400 shares times $10 per share, totaling $54,000. The difference between the land's market value and the par value of the shares, which is $78,000 - $54,000 = $24,000, is recognized in the Additional Paid-In Capital account to balance the transaction. Therefore, the journal entry would be:
Debit Land $78,000Credit Common Stock $54,000Credit Additional Paid-In Capital $24,000"the copier we have still makes great copies," says your prospect. which major category of objection are you experiencing
This is an example of “Product Objection”.
Product objection refers to the prospects voice when it relates to a certain product, in this case the copier. The voice “"the copier we have still makes great copies” is a reflection of concern relating to the performance of the product.
A local government has plans to build a new transit station on a site where several homes are currently located. the residents do not want to move. how does the fifth amendment affect this case?
Scott owns a welding business in alabama. every year, when he meets with his accountant to file his tax returns, he claims that he should be able to show a loss on his tax returns. his accountant always shows a profit on his tax returns. fully explain what scott's claim is based on.
For a misfortune to be appeared on his government form, the all out costs must be bigger than the deal or income. Since he's continually indicating benefit, this implies his income his more. Scott might incorporate some ill-conceived factors in his estimations. These components may prompt theoretical misfortune for him.
Further Explanation:
Example 1:
Expecting that the bookkeeper is right all things considered, Scott is ascertaining his misfortune on costs or different elements that that would not be real conclusions or costs. A typical Example is vehicle mileage the citizen wishes to guarantee as business mileage yet by principle would be viewed as driving mileage.
Example 2:
Another Example would be things that Scott may wish to cost completely in this assessment year however by guideline they should be devalued. Scott could need to take a business utilization of his home yet have a misconception of what the standards are. There are many such regular issues when doing a business return and the customer does not comprehend the expense rules.
Subject: business
Level: college
Keywords: Example 1, Example 2.
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The objective of the third phase of network design is to
D. did the increase in production costs cause a "decrease in supply" or a "decrease in quantity supplied"?
A government wants to reduce electricity consumption by 5%. the price elasticity of demand for electricity is minus−0.5. the government must ________ the price of electricity by ________.
Answer/Explanation:
The government mystery RAISE the price of electricity by 10%.
Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00
a.m. than during the day, when there is heavy business travel. this illustrates ____ pricing
The most effective audit procedure for determining the collectibility of an account receivable is the
The utmost effective audit procedure for determining the collectability of an account receivable is the, review of the subsequent cash collections. Reviewing the subsequent cash collections speeds up the audit procedure to determine the collectability of an account receivable.
Roselyn works for an event management company. her latest project as a party planner is a corporate event. she delegates tasks like choosing the venue, posting invitations, and planning logistics to her team members. she also specifies a time frame for each task. roselyn's project is in the ________ phase of project management.
Gus and derek persuaded trent to cut school and steal alcohol from a store. gus and derek were providing _____.
How much of the egyptian budget goes toward subsidies? webtext?
One quarter of the Egyptian budget goes toward subsidies.
Recently, Egypt set $18 billion for subsidies in FY 2017-18 budget.
To add, subsidy is a sum of money granted by the government or a public body to
assist an industry or business so that the price of a commodity or service may
remain low or competitive.
The organizational function and set of processes that creates, communicates, and delivers value to customers and manages customer relationships in ways that benefit the organization and its stakeholders is called _____.
Suppose that you were asked to help design a survey of adult city residents in order to estimate the proportion that would support a sales tax increase. the plan is to use a stratified random sample, and three stratification schemes have been proposed. scheme 1: stratify adult residents into four strata based on the first letter of their last name (a-g, h-n, o-t, u-z) scheme 2: stratify adult residents into three strata: college students, nonstudents who work full time, nonstudents who do not work full time. scheme 3: stratify adult residents into five strata by randomly assigning residents into one of the five strata. which of the three stratification schemes would be best in this situation
The united states has a greater number of pull factors than it has push factors, which is why it is the nation with the highest immigration rate.
Air bags are designed to __________. A. cushion impact in a collision B. work without passengers having to buckle up C. deploy at a harmless speed for passengers sitting within ten inches D. All of the above
Airbags are designed to A. cushion impact in a collision.
Explanation:Airbags are safety devices in vehicles designed to protect occupants during collisions. They rapidly inflate with gas to cushion passengers from impact, reducing the risk of injury. They work in tandem with seatbelts to improve safety. Airbags have become a standard feature in modern automobiles, significantly enhancing crash protection.
Air bags are designed to protect passengers in the event of a collision by cushioning the impact and reducing the force exerted on the body. They work in conjunction with seat belts to maximize passenger safety. Option B is incorrect because passengers should always buckle up despite the presence of air bags, and option C is also incorrect as air bags deploy at a high speed to be effective in preventing injuries.
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In order to estimate the level of difficulty of text for reading instruction, which is an effective framework?
The degree to which current liabilities are covered in the event of liquidation is best captured by the
BPK Industries has a net income for the period of $2,500. The balance in the Owner’s Capital account for the beginning of the period is $5,000, and the owner has withdrawn $1,650 for personal expenses. The balance in the Owner’s Capital account at the end of the period will be
Answer:
5850
Explanation:
When mp3 players emerged and cassette players declined in popularity, what type, or types, of unemployment were created?
The decline of cassette players and rise of mp3 players led to structural unemployment in the manufacturing and retail sectors related to cassettes. Structural unemployment occurs when workers' skills no longer match the needs of the labor market due to technological changes or shifts in the economy.
Explanation:Types of Unemployment Resulting from Declining IndustriesWhen mp3 players emerged and cassette players declined in popularity, the type of unemployment that was created is known as structural unemployment. Structural unemployment occurs when there is a shift in the economy that creates a mismatch between the skills workers possess and the skills needed for the new jobs being created. In the case of mp3 players becoming more popular, demand for cassettes and their players decreased, rendering the related manufacturing and retail jobs obsolete. Workers in these industries likely experienced structural unemployment as their specific skills were no longer in demand and they may have had difficulty finding new jobs without retraining or acquiring new skills.
Let's examine the specific types of unemployment in various scenarios:
While some unemployment can reflect a healthy changing economy, high levels of unemployment, especially cyclical and structural, can indicate economic issues. Cyclical unemployment is often seen as undesirable because it is associated with economic downturns, while structural unemployment indicates a need for workforce adaptation. Frictional unemployment, on the other hand, is a normal part of a dynamic labor market and can be seen as a sign of economic vitality and individual career growth.
_____________ evaluate the newest and most innovative technologies and determine how they can be applied for competitive advantage. they develop technical standards, deploy technology, and supervise workers who deal with the daily it issues of the firm. select one:
a. project managers
b. chief technology officers ceos and. cfos
The researchers at beans inc., a coffee manufacturing company, developed a new variety of high-quality ground coffee. the new variety was priced at a comparatively lower price than those available in the market. therefore, the advertisements for the product stated, "the highest quality coffee does not have to be expensive." this is an example of communicating a product's _____.
norris company declared cash dividends of $60,000 during the year. cash dividends payable were $20,000 at the beginning of the year and $25,000 at the end of the year. the amount of cash norris co. used for payment of dividends during the year was
To find the amount of cash Norris Company used for payment of dividends take the cash dividends payable of $20,000 from the beginning of the year and add them to the amount at the end of the year $25,000.
$25,000 + $20,000 = $55,000
$55,000 is the amount of cash that Norris Company used. Dividends payable are the amount of dividends that are to be paid to its shareholders. Every time they are paid, the cash amount paid is recorded as a dividend payable.
_____ are internal stakeholders in a company.
Employees, managers, shareholders, and directors are internal stakeholders in a company.
Internal stakeholders in a company are individuals or groups who have a direct interest or involvement in the organization's operations, success, and outcomes.
1. Employees: They are directly involved in carrying out the day-to-day activities of the company and contribute to its productivity and performance.
2. Managers: These are individuals responsible for overseeing departments or functions within the company. They make decisions that affect operations, strategy, and employee performance.
3. Shareholders: These are individuals or entities that own shares or stocks in the company. They have a financial interest in the company's profitability and growth.
4. Directors: Also known as board members, directors are elected or appointed individuals who oversee the overall management of the company. They represent the shareholders' interests and make strategic decisions.
These stakeholders collectively influence and are influenced by the company's activities, policies, and strategic direction. Their roles and interests are critical in shaping the organization's success and governance.
When there is an interval between when the fiscal policy changes and corresponding changes in aggregate spending, we have a(n)?
Anita wants to encourage her classmates to read their textbooks thoroughly. to support her point, she says, "some students think of a book as a heavy object that weighs down a backpack; other students think of a book as an expensive bill that needs to be paid at the beginning of each semester. but we can also think of a book as the key to a world of new ideas." anita is defining a book by _______.
Timothy is the human resources manager for a local manufacturing facility. recently, the ceo of the manufacturing company decided to lay off 25% of the companyâs workers. timothyâs job is to determine which workers to lay off and to communicate the news to each one. which is the best form of communication for timothy to use in this situation?
The answer to this question is that Timothy can use a text message. A text message or texting is a form of communication where in a person sends a message to another person thru the use of a mobile phone. A text message is also known as short message service that is sent using a phone network.
Cascading communication flows upwards and downwards from an important organizational leader. select one:
a. True
b. False
Sales of $3800, has variable costs $300 and has fixed costs$1000. calculate the degree of operating leverage
"small-denomination time deposits are" included in the definition of both m1 and m2
We are taught that cleanliness is a vital part of daily life, that antibacterial soaps, cleaning products that completely eliminate the possibility of germs on surfaces, cooking and food handling that absolutely precludes the chance of ingesting a "bug," is an essential path to good health. this approach is now under scrutiny because of our understanding of