Business
Engineering
Math
Science
Social Science
Cornerstones of Financial Accounti...
Solutions
Cornerstones of Financial Accounti...
Calculating the Number of Shares Issued
Castanet Inc. issued shares of its $1. 50 par value common stock on November 9,2019, for $13 per share. In recording the issuance of the stock, Castanet credited the Additional Paid-In Capital- Common Stock account for $416,300.
Required:
How many shares were issued on November 9, 2019?
Concept introduction:
Stocks (Common Stock and Preferred Stock):
There are two types of the share capital of a company. Common Stock represents the Common shares issued to the shareholders and preferred stock represents the preference shares issued. Preference shares are given preference in payment of dividends and repayment of capital. Common shareholders get the inbuilt right to vote in decisions of the company and preference shareholders generally do not get this right but they may get voting rights with special provisions.
To calculate:
The numbers of shares issued on Nov. 9, 2019.
The numbers of shares issued on Nov. 9, 2019 are calculated as follows:
Amount of Additional Paid In capital Credited = $416,300...
Chapter 10 Solutions
Additional Business Solutions
Find more solutions based on key concepts
Show solutions addAre the terms system and subsystem synonymous? Explain your answer.
Accounting Information Systems
Distinguish between the accounting for capital expenditures and revenue expenditures.
Financial & Managerial Accounting
Analyze and compare Alphabet (Google) and Microsoft Alphabet Inc. (GOOG) and Microsoft Corporation (MSFT) desig...
Corporate Financial Accounting
What factors affect a persons choice of careers?
Foundations of Business (MindTap Course List)
Tablet PC Comparison provides a wide variety of information about tablet computers. The companys website enable...
STATISTICS F/BUSINESS+ECONOMICS-TEXT
If interest rates rise after a bond issue, what will happen to the bonds price and YTM? Does the time to maturi...
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
The economy begins in long-run equilibrium. Then one day, the president appoints a new chair of the Federal Res...
Brief Principles of Macroeconomics (MindTap Course List)
Under what conditions is the production possibilities frontier linear rather than bowed out?
Principles of Macroeconomics (MindTap Course List)
A certain factory operates three different shifts. Over the last year, 200 accidents have occurred at the facto...
Probability and Statistics for Engineering and the Sciences
Firm A wants to acquire Firm B. Firm Bs management agrees that the merger is a good idea. Might a tender offer ...
Fundamentals of Financial Management (MindTap Course List)
What is free cash flow? If you were an investor, why might you be more interested in free cash flow than net in...
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Is absolute advantage or comparative advantage more important for trade? Explain your reasoning using the examp...
Principles of Economics (MindTap Course List)
(Evolution of the Household) Determine whether each of the following would increase or decrease the opportunity...
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Who Gets Hurt? Examining Infamous Plagiarism Scandals. Have you ever wondered who gets hurt when students, teac...
Essentials of Business Communication (MindTap Course List)
During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund the war ef...
Principles of Microeconomics (MindTap Course List)
Financial statement fraud A former chairman, CFO, and controller of Donnkenny, Inc., an apparel company that ma...
Financial And Managerial Accounting
What is structural independence, and why is it important?
Database Systems: Design, Implementation, & Management
How can a social networking site be used in a DSS?
Fundamentals of Information Systems
Are people likely to use Facebooks current e-commerce offerings the same way they might shop on Amazon?
Principles of Information Systems (MindTap Course List)
Other than installing virus and worm control software, what can SLS do to prepare for the next incident?
Principles of Information Security (MindTap Course List)
After increasing the condo fee of each large condo by 150 (Exercise 3), Solmaris decides to decrease the condo ...
A Guide to SQL
Explain how the entity relationship (ER) model helped produce a more structured relational database design envi...
Database Systems: Design, Implementation, & Management
How does DevOps support the agile system development process?
Fundamentals of Information Systems
For a soil, given: D10 = 0.08 mm D30 = 0.22 mm D60 = 0.41 mm Calculate the uniformity coefficient and the coeff...
Fundamentals of Geotechnical Engineering (MindTap Course List)
Which of the following systems is designed to reduce NOx and has little or no effect on overall engine performa...
Automotive Technology: A Systems Approach (MindTap Course List)
What things might managers in an organization do that could unintentionally discourage innovation by their empl...
Principles of Information Systems (MindTap Course List)
Calculate feed depth for a 90-degree countersink used to machine a 0.40"-diameter chamfer existing l/4"-diametr...
Precision Machining Technology (MindTap Course List)
Wires B and C are attached to a support at the left-hand end and to a pin-supported rigid bar at the right-hand...
Mechanics of Materials (MindTap Course List)
Present Example 10.14 in Chapter 10 using the format discussed in Section 4.2. Divide the example problem into ...
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
What are three typical reasons why companies develop their own information systems?
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Should Linda's history of past improprieties lead Maria to withdraw her support and replace her without giving ...
Management Of Information Security
A gas at T = 300 K and P = 1 bar is contained in a rigid, rectangular vessel that is 2 meters long, 1 meter wid...
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
What wattage was used for each vanity luminaire to calculate the estimated load on Circuit A14? _______________...
EBK ELECTRICAL WIRING RESIDENTIAL
Suppose a wet mixture of old bread, leaves, and soil is placed in a pile 1 m tall, and a long thermometer is st...
Solid Waste Engineering
Repeat Problem 2.4 with the following data. 2.4 The following are the results of a sieve analysis. a. Determine...
Principles of Geotechnical Engineering (MindTap Course List)
In what position must a plugging switch be mounted? Explain.
Electric Motor Control
For the beam shown, derive the expressions for V and M, and draw the shear force and bending moment diagrams. N...
International Edition---engineering Mechanics: Statics, 4th Edition
On hybrid vehicles, how can you identify the high voltage cables and connectors?
Automotive Technology
An HSS 1083 16 is used as a compression member with one and pinned and the other end fixed against rotation but...
Steel Design (Activate Learning with these NEW titles from Engineering!)
Inaccurate Credit Report You have obtained a free copy of your credit report and notice that multiple companies...
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Determine the absolute maximum shear in a 15 m long simply supported beam due to the series of three moving con...
Structural Analysis
Suppose your company has leased one Class C license, 120.10.10.0, and wants to sublease the first half of these...
Network+ Guide to Networks (MindTap Course List)
