Business, 12.10.2019 00:30 jesse1384

Spirit world, inc., issued 250 comma 000 shares of no-par common stock for $ 5 per share. the journal entry to record the issuance would be: a. journal entry date accounts debit credit cash 1,250,000 common stock 250,000 gain on the sale of stock 1,000,000 b. journal entry date accounts debit credit cash 250,000 common stock 250,000 c. journal entry date accounts debit credit cash 1,250,000 common stock 1,250,000 d. journal entry date accounts debit credit cash

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Answer from: draveon353

C. Journal Entry Date Accounts Debit Credit Cash 1,250,000 Common Stock 1,250,000

Further explanation

Spirit World, Inc., issued 250 comma 000 shares of no-par common stock for $ 5 per share. The stated value by management is $ 5 per share. Spirit World, Inc. record the following debits and credits to recognize the transaction:

Entry Date 1,250.000

Common stock 1,250.000

Agio Common Stock 1,250.000

Note that the stated value replaces the nominal value, used to measure the Common Stock account. Agio Common Stock reports the difference in the amount paid by shareholders than the stated value.

What if the management of Spirit World, Inc. does not set the value of these shares?

Entry Date 1,250.000

Common stock 1,250.000

If no value is stated, the Common Stock account is credited with the amount deposited by the shareholders.

How to Calculate Earnings Per Share (EPS) Earnings per share is the amount of income earned in one period for each share outstanding.

Cash Flow for Shareholders :

If you buy shares, you can get cash in two ways, namely:

The company pays dividends We sell shares (to other investors in the capital market or to issuers/companies that sell their shares to the public)

Like bonds, stock prices are the present value of expected cash flows.

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Common Stock

Journal Entry

Details

Class: High School

Subject: Business

Keywords: Journal Entry, Common Stock, no-par

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Spirit world, inc., issued 250 comma 000 shares of no-par common stock for $ 5 per share. the journa...

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