Issued shares are the number ofO authorized shares that have been sold.Oshares a corporation is legally able to sell.shares sold each year by the corporation.O authorized shares in the corporation's articles of incorporation.

Shares are those instruments which are issued by the company to raise money from the public. This is…

Answered: Issued shares are the number of O…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 11GI

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A corporation issued shares with par value of P 200.00, subsequently, the corporation purchased the share at par value. If the shares are sold by the corporation for P 150.00 per share, N subscribed for 100 shares of the corporation and paid the 70 shares. 2.2 What will be the document to be used, is it a subscription contract or pre-incorporation contract. Explain.
Ownership of shares of share capital entitles the holders to all of the following rights, except: a. To elect the board of directors of the corporation. b. To share in the profits of the corporation. c. To purchase new shares of stock when they are offered for sale. d. To participate in the daily operations of the corporation.
11. It is also known as additional paid in capital. 12. The maximum number of shares a corporation is allowed to issue over its life. 13. The kind of share which is given special privileges as to the earnings of the corporation and its assets upon liquidation. 14. These are shares which are partially paid. 15. A corporation established for public charity. Choices:
The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 52,000 shares were originally issued and 12,400 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. a-12,400 b-52,000 c-39,600 d-111,000
Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.
If a corporation issues only one class of stock, what four rights does each stockholder have?
The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume that 41,103 shares were originally issued and $4,863 were subsequentially reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
The charter of a corporation provides for the issuance of 95,735 shares of common stock. Assume that 43,241 shares were originally issued and 3,458 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared? Select the correct answer. a-$43,241 b-$95,735 c-$3,458 d-$39,783
a. What is the Effective Annual Rate (EAR) and what is its purpose? b. The value of a share of common stock in a corporation is directly related to the general rights of shareholders, particularly as it applies to the right to vote for directors. Discuss at least four (4) additional rights that common shareholders have.
What Internal Revenue Code section limits an S corporation to 100 shareholders?
Identify which category of shareholder's equity is affected by each item and briefly explain how it is affected. 1. Sale of additional ordinary shares of the corporation
Question: Wave Corp., A private corporation, received its articles of incorporation on January 3, 2024. It is authorized to issue an unlimited number of common shares and $1 preferred shares. These are the following share transactions during the year: Jan. 12 Issued 50,000 common shares for $5 per share. 24 Issued 950 common shares in payment of a $4,500 bill for legal services. July 11 Issued 1,000 preferred shares for $25 per share. Oct. 1 Issued 10,000 common shares in exchange for land. The land’s fair value was estimated to be $55,000. Santiago’s accountant estimated that the fair value of the shares issued might be as high as $6 per share. Journalize the share transactions. Calculate the average per share amount for the common shares. Show steps Please.

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Issued shares are the number of O authorized shares that have been sold. O shares a corporation is legally able to sell. O shares sold each year by the corporation. authorized shares in the corporation's articles of incorporation.