Weller Corporation issued 10,000 shares of no-par common stock for $25 per share. This event increases the common stock account by $250,000.
Answer the following statement true (T) or false (F)
True
When no-par common stock is issued, the common stock account is increased for the entire amount received in the stock issue.
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Danville Corporation bought a new machine and agreed to pay for it in equal annual installments of $6,000 at the end of each of the next five years. Assume the prevailing interest rate for this type of transaction is 12%. Assume the present value of an ordinary annuity of $1 at 12% for five periods is 3.60 . The future amount of an ordinary annuity of $1 at 12% for five periods is 6.35 . The
present value of $1 at 12% is 0.567 . How much should Danville record as the note payable on the balance sheet if financial statements were prepared today? a. $17,010 b. $21,600 c. $30,000 d. $38,100
A typical university is a simple service organization that offers mainly educational services
Indicate whether the statement is true or false
The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its current assets.
Answer the following statement true (T) or false (F)
Which of the following can be considered to be a civil wrong??
A) ?Injunction B) ?Tort C) ?Ordeal D) ?Ordinance