Jennifer and hernando are both accountants at their companies. both companies issued new shares of common stock. when jennifer journalized her stock transaction, she credited both the common stock and the paid-in capital in excess of stated value account. when hernando journalized his stock transaction, he only credited the common stock account. what is one reason this difference may have occurred?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jennifer and hernando are both accountants at their companies. both companies issued new shares of common stock. when jennifer journalized ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the four inventory approaches transfers the most recent purchase cost to the cost of goods sold and the remaining items in inventory are valued at the oldest acquisition costs?
Answers (1)
For investors in the stock market, dividends from stocks are fixed and guaranteed, while capital gains are variable and not guaranteed. A. True B. False
Answers (1)
Measures of central tendency and variability are calculated to describe the nature of charitable giving each year. These figures are computed for the "average" American citizen. Which of these is a possible value for the variance in dollars given? A.
Answers (1)
Elise is the marketing manager in a travel company. She is planning to place an advertisement in local newspapers to promote her travel packages. What is the best way of tracking the success of her promotional strategy? A.
Answers (1)
This 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals to succeed economically, which are the same forces that "invisibly" guide a large economy.
Answers (1)
New Questions in Business
How does the government of a republic typically shape its economy? A. The government allows citizens to own private businesses. B. The government blocks the ownership of personal property. C. The government owns all homes and other forms of housing.
Answers (1)
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Answers (1)
In the resource-based view of the firm, examples of tangible resources include: Select one: a. outstanding customer service, innovativeness of products, and reputation b.
Answers (1)
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)