Stated Value Of No-par Stock Is Quizlet

Kamis, 04 Agustus 2022

Stated Value Of No-par Stock Is Quizlet

REGGINA S Agustus 04, 2022 Comment

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(#shares sold x stated value) minimum legal capital. The least amount that the buyers of stock must contribute to the corporation or be subject to paying at a future date. Market value per share. Price at which stock is bought or sold.

On january 1, year 1, base line issued 10,000 shares of the stock for $24 per share. As a result of the stock issue ______. It is not revenue and is not listed on the income statement A corporation can issue more shares than it is authorized in its charter, if the board of directors approves of an increase in the number of authorized shares. The us company issues 1,000 shares of its no par value stock at $20 per share, it will record the following journal entry for this issue: If the company issues additional 1,000 shares of its common stock at $22 per share, the journal entry will be recorded as follows: The corporation records the assets received at their market values as of the date of the transaction. Is a common occurrence in most states. b. Is not permitted in most states.