The Shoe Exchange issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. If the issue price is $15 per share, what is the entry to record the issuance of the stock?

What will be an ideal response?



Cash (5,000 shares × $15)75,000?
  Common Stock (5,000 shares × $1)?5,000
  Additional Paid-in Capital (difference)?70,000
  (Issue common stock above par)

Business

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In a shopping Web site, more negative comments are seen even though most of the customers are satisfied. Which of the following can be used to explain this situation?

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Business

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What will be an ideal response?

Business

Corporations often sell, or exchange for goods and services, various call options on their shares. Describe the process of issuing call options

Business