q if kiner company issues 3000 shares of 5 par, Auditing

+44 141 628 6080
[email protected]

q if kiner company issues 3000 shares of 5 par

Q. If Kiner Company issues 3,000 shares of $5 par value common stock for $70,000, the account
a. Paid-in Capital in Excess of Par Value will be credited for $15,000.
b. Common Stock will be credited for $15,000.
c. Paid-in Capital in Excess of Par Value will be credited for $70,000.
d. Cash will be debited for $55,000.

Request for Solution File

Ask an Expert for Answer!!

Auditing: q if kiner company issues 3000 shares of 5 par

Reference No:- TGS0401957

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Auditing

Q : q what is ordinarily the first step in the

q what is ordinarily the first step in the formation of a corporationa development of by-laws for the corporationb issuance of the corporate charterc

Q : q which of the following statements is not

q which of the following statements is not considered a disadvantage of the corporate form of organizationa additional taxesb government regulationsc

Q : q which of the following represents the largest

q which of the following represents the largest number of common sharesa treasury sharesb issued sharesc authorized sharesd outstanding

Q : my company has done a down payment on inventory

my company has done a down payment on inventory then manufacturer will ship this order between 30 to 60 days after original payment and the balance

Q : q if kiner company issues 3000 shares of 5 par

q if kiner company issues 3000 shares of 5 par value common stock for 70000 the accounta paid-in capital in excess of par value will be credited for

Q : q corporations generally issue stock dividends in

q corporations generally issue stock dividends in order toa increase the market price per shareb exceed stockholders dividend expectationsc increase

Q : q retained earnings is increased by each of the

q retained earnings is increased by each of the following excepta some disposals of treasury stockb net incomec prior period adjustmentsd all of

Q : q prior period adjustmentsa may only increase

q prior period adjustmentsa may only increase retained earningsb may only decrease retained earningsc may either increase or decrease retained

Q : q if a stockholder receives a dividend that

q if a stockholder receives a dividend that reduces retained earnings by the fair market value of the stock the stockholder has received aa large

1950542

Questions
Asked

3,689

Active Tutors

1460209

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Nurse calls the hcp for an order for pain medication

The nurse calls the HCP for an order for pain medication for a client who is 2 days postoperative aortic aneurysm repair.

Problem regarding the post-positivist paradigm

Question: Which of the following is most true regarding the post-positivist paradigm? Need Online Tutoring?

Ability to advocate for social change in your community

Explain how your Walden experience might have strengthened your ability to advocate for social change in your community.

Client with a peptic ulcer is prescribed sucralfate

A client with a peptic ulcer is prescribed sucralfate. Which statement by the client indicates an understanding of the medication?

Family to obtain new health insurance without prejudice

Barry was laid off from his job where he and his family were covered by a group health insurance policy. He has heard that a Federal law called HIPAA

Discuss the medical model

Please discuss the Medical Model. You might include a description, the client, the dynamics, the goals, the treatment, etc.

Discuss client with chronic obstructive pulmonary disease

A nurse is caring for a client with chronic obstructive pulmonary disease (COPD) who is currently receiving mechanical ventilation.