EXERCISE 15-1 (15-20 minutes) (a) Jan. 10 Cash (80,000 X 6) 480,000 Common Stock (80,000 X 5) 400,000 Paid-in Capital in Excess of Par 80,000 Mar. 1 Organization Expense 35,000 Common Stock (5,000 X 5) 25,000 Paid-in Capital in Excess of Par 10,000 (Note In the past, these costs would have been charged to Organization Costs) July 1 Cash (30,000 X 8) 240,000 Common Stock (30,000 X 5) 150,000 Paid-in Capital in Excess of Par 90,000 Sept. 1 Cash (60,000 X 10) 600,000 Common Stock (60,000 X 5) 300,000 Paid-in Capital in Excess of Par (60,000 X 5) 300,000 (b) Jan. 10 Cash (80,000 X 6) 480,000 Common Stock (80,000 X 3) 240,000 Paid-in Capital in Excess of Stated Value 240,000 Mar. 1 Organization Expense 35,000 Common Stock (5,000 X 3) 15,000 Paid-in Capital in Excess of Stated Value 20,000 July 1 Cash (30,000 X 8) 240,000 Common Stock (30,000 X 3) 90,000 Paid-in Capital in Excess of Stated Value 150,000 Sept. 1 Cash (60,000 X 10) 600,000 Common Stock (60,000 X 3) 180,000 Paid-in Capital in Excess of Stated Value 420,000 EXERCISE 15-2 (15-20 minutes) Jan. 10 Cash (80,000 X 5) 400,000 Common Stock (80,000 X 1) 80,000 Paid-in Capital Excess of SV Common 320,000 Mar. 1 Cash (5,000 X 108) 540,000 Preferred Stock (5,000 X 100) 500,000 Paid-in Capital in Excess of PV - Preferred 40,000 April 1 Land 80,000 Paid-in Capital in Excess of SV - Common 40,000 (In the past, these costs would have been charged to Organization Costs) Sept. 1 Cash (10,000 X 9) 90,000 Common Stock (10,000 X 1) 10,000 Paid-in Capital in Excess of SV - Common 80,000 Nov. 1 Cash (1,000 X 112) 112,000 Preferred Stock (1,000 X 100) 100,000 Paid-in Capital in Excess of PV - Preferred 12,000 EXERCISE 15-3 (10-15 minutes) (a) Land (62 X 25,000) 1,550,000 Treasury Stock (53 X 25,000) 1,325,000 Paid-in Capital from Treasury Stock 225,000 (b) One might use the cost of treasury stock. However, this is not a relevant measure of this economic event. Rather, it is a measure of a prior, unrelated event. The appraised value of the land is a reasonable alternative since the value of the asset acquired should preferably determine the issue price of the stock. However, it is an appraisal as opposed to a cash price. The trading price of the stock is probably the best measure of market value in this transaction. EXERCISE 15-4 (20-25 minutes) (a) 1. Bond Issue Costs (352,000 X 500/880) 200,000 Cash (880 X 9,600) 8,448,000 Bonds Payable 5,000,000 Common Stock 500,000 Paid-in Capital in Excess of Par 3,148,000 Assumes bonds properly priced and issued at par residual attributed to common stock which has a weak measure of market value. Investment banking costs 400 @ 880 352,000 allocate 5/8.8 to debentures and 3.8/8.8 to common stock. Bond portion is bond issue cost common stock portion is a reduction of paid-in capital. 2. Cash 8,448,000 Bond Issue Costs 195,556 Bond Discount (5,000,000 4,888,889) 111,111 Bonds Payable 5,000,000 Common Stock 500,000 Paid-in Capital in Excess of Par (plug) 3,254,667 8,800,000 X (5/9) 4,888,889 To Debentures 8,800,000 X (4/9) 3,911,111 To Common 352,000 X (5/9) 195,556 352,000 X (4/9) 156,444 (b) One is not better than the other. This question is presented to stimulate some thought and class discussion. EXERCISE 15-5 (10-15 minutes) (a) FMV of Common (500 X 165) 82,500 FMV of Preferred (100 X 230) 23,000 105,500 Allocated to Common 82,500/105,500 X 100,000 78,199 Allocated to Preferred 23,000/105,500 X 100,000 21,801 Total allocation (rounded to whole dollars) 100,000 Cash 100,000 Common Stock (500 X 10) 5,000 Paid-in Capital Excess of Par - Common (78,1995,000) 73,199 Preferred Stock (100 X 100) 10,000 Paid-in Capital Excess of Par - Preferred (21,80110,000) 11,801 (b) Lump-sum receipt…
HBSE Chapters 14, 15, and 16 Study Guide
Here is your study guide for Chapters 14, 15, 16.
People 75 and older are considered Old-Old Mid-Old = 65+
Konrad Adeneour was a 88 year old German Chancellor who promoted a Social Market Economy
Mary Eddy founded the Christian Science Monitor
Arthur Rubenstein was a Polish-American classic pianist who gave one of his best performances in Carnegie Hall
Albert Schweitzer headed a hospital in Africa. He was a theologian, philosopher, organist…
Study Guide to accompany Canadian Business and the Law, 5th edition
THE CORPORATE FORM:
After studying this chapter, you should have an understanding of
• a corporation as a legal person
• the distinction between federal and provincial incorporation
• the share structure of a corporation
• the selection of a corporation’s name
• how a corporation is created
• how the corporation is financed
• how securities are regulated
Assess fundus for firmness, height, and location per protocol; massage fundus if poorly contracted (boggy), Observe vaginal bleeding for color, amount, and consistency (presence of clots), Monitor abdominal wound for healing, Monitor vital signs every 15 minutes for first hour, every 30 minutes in second hour, then hourly until transfer to postpartum unit, Determine urinary output; check catheter and tubing for patency (intake and output), Assess for bowel sounds and passage of flatus, Change woman's…
Ch. 35 HW
: What are the two types of authority that can be possessed by an agent? How is each
created? What are the consequences to the principal when an agency is created?
1) There are two forms of authority, actual and apparent. Actual authority is either
expressed or implied. Expressed authority is created by the principal’s actual words
(written or oral), whereas an agent has implied authority to do whatever is deemed
reasonable. Apparent authority is when a principal’s actions and behavior leads a third…
Sample Questions Ch. 15
1- A corporation's first sale of equity made available to the public is called a(n):
A) Share repurchase program.
B) Shelf registration filing.
C) Private placement.
D) Seasoned equity offering (SEO).
E) Initial public offering (IPO).
2- The contract provision whereby the underwriting syndicate may, at their option, purchase additional securities from the issuing corporation at the initial offering price is called (the) :
A) Regulation A.
B) Red herring provision…
CH 1. Homework
Questions & Problems
1. A tax payment is a compulsory payment that supports the cost of government. It differs from a fine or penalty because it is not intended to deter or punish unacceptable behavior. It differs from a user’s fee because the payment of a tax doesn’t entitle the payer to a specific good or service.
2. No, this is more of a penalty or fine because these industries are the ones polluting the river so they should also be responsible…
and have verifiable documentation available for the Office of Student Services.
Grades are assigned according to
Homework (including participation) 25%
Chapter Quizzes 15% the following point scale: Exams 25% 90.0 – 100 % = A Final Exam 20% 80.0 – 89.9% = B Laboratory Activities 15% 70.0 – 79.9% = C 60.0 – 69.9% = D TOTAL 100% below 60% = F
COURSE and LAB SCHEDULE
The course schedule is subject to modification/adjustment as deemed necessary by the instructor…
FMM 3110: Study Guide
Chapter 5 Color Management
1. What do you remember about color from any of your classes?
I remember the color wheel. Primary, secondary, and tertiary colors. We talked about the importance of color when creating a buying plan in my previous class.
2. What is Color Management?
Color management is the process of controlling the outcome of a color, from the initial concept to the final production output, in a way that is acceptable to the consumer.
3. What concerns might you…
Chapter 15 RQ
1. What are genes located on a sex
2. In fruit flies, what do we call the
normal phenotype for a character?
3. Genes that tend to be inherited
together are called what?
4. What is nondisjunction?
5. How do people have Down Syndrome?
1. Describe the contributions that Thomas
Hunt Morgan, Walter Sutton, and A.H.
Sturtevant made to current understanding
of chromosomal inheritance.
• Morgan selected Drosophila as organism
- proposed linkage (characteristics are…
Concepts and Events
British imperial attempts to reassert control over its colonies and the colonial reaction to
these attempts produced a new American republic, along with struggles over the new
nation’s social, political, and economic identity.
Ch.5, pp. 88 108,
Colonial Society on the Eve of Revolution, 1700 – 1775
Identify and state the historical significance of the following:
1. Jonathan Edwards Johnathan Edwards, an American theologian and Congregational
clergyman, whose sermons stirred the religious revival…