Bridgeport corporation issued 2,900 shares of stock. prepare the entry for the issuance under the following assumptions. (credit account titles are automatically indented when amount is entered. do not indent manually. round answers to 0 decimal places, e. g. 5,650.)

(a) the stock had a par value of $7 per share and was issued for a total of $51,500.
(b) the stock had a stated value of $7 per share and was issued for a total of $51,500.
(c) the stock had no par or stated value and was issued for a total of $51,500.
(d) the stock had a par value of $7 per share and was issued to attorneys for services during incorporation valued at $51,500.
(e) the stock had a par value of $7 per share and was issued for land worth $51,500.

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Because the demand for wheat tends to be inelastic. true or false

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take