Business, 31.12.2019 03:31 Nickanderson21

Daffy duct, inc. issued 10,000 shares of no-par value common stock at $10 per share. miss hap, the bookkeeper, recorded the transaction with a $100,000 debit to cash and $100,000 credit to common stock. which of the following statements about this situation is correct?

a.

total assets will be overstated.

b.

this entry is correct.

c.

total stockholders' equity will be overstated.

d.

total liabilities will be understated.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 22:20

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Answers: 2

Answer

Business, 22.06.2019 10:10

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Answers: 3

Answer

Business, 23.06.2019 01:30

Which of the following is considered part of a country’s infrastructure?

Answers: 3

Answer

Business, 23.06.2019 02:00

People-focused workplace (connect, perform) organizations are undergoing changes in response to more people-driven workforces. use your knowledge of bossless workplaces to identify each of he following characteristics as either a challenge or benefit to this new style of workplace. resource allocation decision making training costs

Answers: 2

Answer

You know the right answer?

Daffy duct, inc. issued 10,000 shares of no-par value common stock at $10 per share. miss hap, the b...

Questions