Record the following journal entry:Poquito Corporation issued 30,000 shares of its $5 par value common stock for $360,000 cash on August 1, 2010.The following information relates to the number of common shares of the Telly Corporation:80,000 Authorized shares.30,000 Unissued shares.5,000 Treasury shares
Calculate the number of outstanding shares from the information given. Show your calculations.
When will a bond sell for a discount?When will a bond sell for a premium?
What is the future value of a $5,000 note payable with interest at 8% compounded annually. The note is due in 5 years. The principle and all of the interest will be paid at the end of the 5 years. The time value of money tables are on pages 448-451 in your text.