Describe the authorized to issue, Accounting Basics

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Describe the authorized to issue

Blimie Corporation was organized on January 3, 2012. Blimie was authorized to issue 50,000 shares of common stock with par value of $10 per shate. On January 4, Blimie issued 30,000 shares of common stock at $25 per share. On July 15, Blimie issued an additional 10,000 shares at $20 per share. Blimie reported income of $33,000 during 2012. In addition, Blimie declared a dividend of $.50 per share on December 31, 2012.

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Accounting Basics: Describe the authorized to issue

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Accounting Basics: Describe the authorized to issue

Reference No:- TGS0692573

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Recent Questions Asked Accounting Basics

Q : What is the effect on the basis of the condominium

Q : Determining the kinetic energy of the pump

Q : Discuss pre-paid insurance for the adjusted trial balance

Q : Determine geographical area your community assessment

Q : Describe the authorized to issue

Q : Determining the precipitate expected

Q : What dividends are the preferred stockholders

Q : What education level and credentials does practitioner have

Q : Describe an incremental analysis approach

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Describe the authorized to issue

Reference No:- TGS0692573

Recent Questions Asked Accounting Basics

Q : What is the effect on the basis of the condominium

Q : Determining the kinetic energy of the pump

Q : Discuss pre-paid insurance for the adjusted trial balance

Q : Determine geographical area your community assessment

Q : Describe the authorized to issue

Q : Determining the precipitate expected

Q : What dividends are the preferred stockholders

Q : What education level and credentials does practitioner have

Q : Describe an incremental analysis approach

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