Business, 02.04.2020 16:09 loloroyroy264
Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $35 per share and the buildingâs book value on the books of the seller was $250,000. Which of the following journal entries is correct for Smith Company when Smith issues 11,900 shares of $10 par value common stock and pays $21,900 cash in exchange for the building?
The market price of the Smith stock on the exchange date was $20 per share and the buildingâs book value on the books of the seller was $219,000. Building 140,900 Cash 21,900 Common stock 119,000 Building 259,900 Cash 21,900 Common stock 119,000 Additional paid-in capital 119,000 Building 259,900 Common stock 259,900 Building 259,900 Cash 21,900 Common stock 238,000
Answers: 3
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Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with âroundâ. dr. sperry would like to see exactly how excelâs calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click âstep inâ select the cell and then look at the formula in the formula field of the ribbon remove âroundâ from the formula in order to see the actual value before rounding
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Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exc...
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