Webb Company purchased 90% of Jones Company for $990,000 when the book value of Jones was $1,000,000. There was no premium paid by Webb. Jones currently has 100,000 shares outstanding and a book value of $1,200,000.Jones sells 20,000 shares of previously unissued shares of its common stock to outside parties for $10 per share.What is the new percent ownership of Webb in Jones after the stock issuance?
A. 80%.
B. 75%.
C. 60%.
D. 90%.
E. 64%.
Answer: B
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a. Preparing the weekly payroll for manufacturing personnel. b. Releasing raw materials for use in the manufacturing cycle. c. Recording the receipt of payment for goods sold. d. Recording the order placed by a customer. e. Ordering raw materials. f. Determining the amount of raw materials to order.
As the leadership making process progresses through the stages, the follower’s interest moves mostly from an interest in ______ to an interest in ______.
What will be an ideal response?
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Indicate whether the statement is true or false.
A company provided $12,000 of consulting services to a customer on account. The customer promises payment in 30 days. Identify the journal entry below that properly records this transaction.
A.
| Cash | 12,000 | |
| Consulting services revenue | 12,000 |
B.
| Accounts Receivable | 12,000 | |
| Consulting services revenue | 12,000 |
C.
| Accounts payable | 12,000 | |
| Consulting services revenue | 12,000 |
D.
| Accounts receivable | 12,000 | |
| Cash | 12,000 |
E.
| Consulting services revenue | 12,000 | |
| Cash | 12,000 |