During its first year of operations, eastern data links corporation entered into the following transactions relating to shareholders’ equity. the articles of incorporation authorized the issue of 6 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. feb. 12 sold 2 million common shares, for $8 per share. 13 issued 44,000 common shares to attorneys in exchange for legal services. 13 sold 71,000 of its common shares and 8,500 preferred shares for a total of $1,060,000. nov. 15 issued 445,000 of its common shares in exchange for equipment for which the cash price was known to be $4,088,000. required: prepare the appropriate journal entries to record each transaction.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.