subject
Business, 21.12.2019 04:31 angellll4455

In 2017, coronado industries, issued for $103 per share, 95000 shares of $100 par value convertible preferred stock. one share of preferred stock can be converted into three shares of coronado's $20 par value common stock at the option of the preferred stockholder. in august 2018, all of the preferred stock was converted into common stock. the market value of the common stock at the date of the conversion was $25 per share. what total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:00
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
question
Business, 22.06.2019 19:30
Which of the following constitute the types of unemployment occurring at the natural rate of unemployment? a. frictional and cyclical unemployment.b. structural and frictional unemployment.c. cyclical and structural unemployment.d. frictional, structural, and cyclical unemployment.
Answers: 2
question
Business, 22.06.2019 20:40
The largest elements of community corrections are
Answers: 1
question
Business, 23.06.2019 02:00
Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that
Answers: 1
You know the right answer?
In 2017, coronado industries, issued for $103 per share, 95000 shares of $100 par value convertible...
Questions
question
Mathematics, 03.09.2019 01:10