answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB
1 month ago
10

If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, A. Paid-In Capital in Excess of Par will be cr

edited for $150,000. B. Common Stock will be credited for $175,000. C. Cash will be debited for $150,000. D. Paid-In Capital in Excess of Par will be credited for $25,000.
Business
1 answer:
Katen [2.9K]1 month ago
4 0

Answer:

option A is the correct choice

Paid-In Capital in Excess of Par will receive a credit of $150,000

Explanation:

Details provided:

shares = 5000

share price = $5 / common stock

cash received = $175000

Now, we need to determine which option is correct

solution

We know we have a cash value of $175,000;

the total common stock is calculated as follows = shares × share price

Total common stock = 5000 × 5

Total common stock value = $25000

Thus, paid capital in excess = cash - total common stock value

Paid capital in excess = 175000 - 25000

Paid capital in excess is $150000

Thus, option A is correct

Paid-In Capital in Excess of Par will be credited for $150,000

You might be interested in
explain why the percentage of poeple with $300,000 or more increase so substantially across the age groups​
harina [3228]

Older individuals benefit in wealth accumulation.

Explanation:

Generally, older adults possess more financial resources because:

1. They typically have longer career spans, which leads to better salary opportunities and job positions.

2. They have had an extended timeframe to save and invest their resources.

Individuals in older age categories typically find it easier to amass wealth during their working years. Conversely, young professionals starting their careers often struggle to gather significant wealth.

8 0
1 month ago
If fixed costs increase, the break-even point in units will
arsen [2988]

If fixed costs rise, there will be an increase in the required number of units to break even.

The predetermined overhead rate is calculated as follows: $360,000 / 60,000 = $6 for each direct labor hour... The applied overhead for September amounts to $6 multiplied by 9,350, totaling $56,100. Thus, the overhead assigned to production for that month was $56,100.

I hope this information is beneficial, and now you understand how to approach it. Wishing you a fantastic and joyful day! Also, enjoy the remainder of Black History Month!:-)

- Cutiepatutie ☺❀❤

5 0
1 month ago
If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i
harina [3228]

23% decline.


This can be calculated by dividing 1,650,000 by 2,150,000, resulting in 0.7674. By multiplying this figure by 100, we arrive at 76.74%.

Yet, this represents the proportion that 1,650,000 constitutes of 2,150,000. Hence, we need to subtract this number from 100, yielding 23.26, or rounded to 23%.

6 0
12 days ago
Read 2 more answers
Tyler company has been approached by a new customer with an offer to purchase 6,000 units of its product kr200 at a price of $11
Katen [2925]
Thus, Tyler's company has acquired a new customer who is willing to purchase 20% of the annual production at a 40% discount.
8 0
12 days ago
Median of a normal distribution is to outlier as lunar perigee is to lunar _____?
Scilla [3267]
<span>The median of a normal distribution is to an outlier as the lunar perigee relates to the lunar orbit. The lunar perigee represents the point where the moon is closest to the Earth. The moon's orbit is elliptical, meaning the perigee is the position of closest approach. At this point, the moon appears larger than its usual size. This variation in distance between the Earth and the moon results from the moon's changing position in its orbit.</span>
8 0
1 month ago
Read 2 more answers
Other questions:
  • IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of t
    7·1 answer
  • One of the most challenging tasks for any firm, including In Fine Fettle, is determining how much to spend on promotion. Four ba
    9·1 answer
  • When friends of Brian Richardson went to the carnival, they always wanted to take him with them because Richardson had an uncann
    13·1 answer
  • Primary value chain activities that involve the effective layout of receiving dock operations (inbound logistics) and support va
    15·1 answer
  • Staples Corporation would have had identical income before taxes on both its income tax returns and its income statements for th
    11·1 answer
  • You are working in an open-plan office. the workstations are badly arranged. you do not have sufficient space to store everythin
    8·1 answer
  • Candy purchases a new guitar costing $5,500. She put down 15% and finance the rest for 3 years through the store. The store will
    9·1 answer
  • H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin
    14·1 answer
  • You are the IT manager for the Andrews Company. A large shipment of new computers has just arrived. You notice that the inventor
    15·1 answer
  • Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!