Adjunct Account
What do you mean by the term Adjunct Account?
Expert
Adjunct Account: Adjunct account is that liability account that raises other liability's book value. For illustration, when a corporation issues $100,000 of shares at a value of $105 per share, it will be issuing the shares at a premium of 5%. The journal entry will comprise a debit to Cash for $105,000; a credit to shares Payable for $100,000; and a credit to Premium on shares Payable for $5,000. As credit balance is normal balance for a liability account, the account Premium on shares Payable can be termed to as an adjunct account. Instantly subsequent to the shares are issued, the shares will have a carrying value of $105,000.
State why is capital budgeting analysis so imperative for the firm?
Spiritual Health: The relations with their superiors and peers are good. They work for a cause for the society and therefore they are able to draw contentment. This at times work against health to create compassion stress when employees are not able t
Specify some conditions under which you would suggest that foreign subsidiary conforms to local norm of the financial structure?
Asset Purchase: Agreement between seller and buyer to obtain an organization's assets. In an asset purchase, only particular assets transfer ownership from seller to the buyer. Assets should be re-titled to the latest owner who has the capability to d
How is friendship differing from other relationships? Explain the challenges of friendships. What are the common expectations for friendships – give an illustration of each. Explain how friendships fluctuate ove
How the concept of lost sales can be related to the definition of incremental cash flow.
There are seven typical stages in the life cycle of a family with children. Fully explain and give an example to describe each of those seven stages.
Discuss how foreign exchange transactions between the international banks are settled?
Acquisition Entry and Consolidation Working Paper On January 31, 2014, Phoenix, Inc. acquired all of the outstanding common stock of Spark Corporation for $400 million cash plus 25 million shares of Phoenix' $10 par value common stock having a market value of $90 per share. Registration fees were $
Define the term Debtor. Is they our client?
18,76,764
1958282 Asked
3,689
Active Tutors
1440097
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!