Corporation Accounting And Corporation Law a Manual of Corporate Organization
Corporation Accounting And Corporation Law a Manual of Corporate Organization
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Capital Stock Dr. $50, 000 To Treasury Stock $50, 000 For 5, 000 shares of unsold stock.
This entry balances the Treasury Stock Account and re- duces 1 the Capital Stock Account to $100, 000, which is the paid-up capital of the company.
983. Second Entry.
Consolidated Co/s Stock Dr. $118, 400. 00 For 1, 184 shares received. Cash received from Mascot Co. 21. 05 Profit and Loss 6, 578. 95 For depreciation in assets.
To Mine Account $90, 000 Machinery, etc. 25, 000 Stores, etc. 2, 500 Buildings, e...tc. 2, 000 Water Rights 1, 500 Amalgam 1, 500 Cash 2, 500 $125, 000. 00 $125, 000 Assets turned over to Consolidated Co.
336 CORPORATION ACCOUNTING 984. The $21. 05 m casn received from the Mascot Com- pany must now be distributed among the stockholders. When this is done the Cash Account will balance and also all the Resource accounts.
985. Inasmuch as the above amount is incommensur- able with the labor involved in its collection and distribution the work may be theoretically performed without cavil or criticism.
What to read after Corporation Accounting And Corporation Law a Manual of Corporate Organization?
You can find similar books in the "Read Also" column, or choose other free books by J J John Joseph Rahill to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Capital Stock Dr. $50, 000 To Treasury Stock $50, 000 For 5, 000 shares of unsold stock.
This entry balances the Treasury Stock Account and re- duces 1 the Capital Stock Account to $100, 000, which is the paid-up capital of the company.
983. Second Entry.
Consolidated Co/s Stock Dr. $118, 400. 00 For 1, 184 shares received. Cash received from Mascot Co. 21. 05 Profit and Loss 6, 578. 95 For depreciation in assets.
To Mine Account $90, 000 Machinery, etc. 25, 000 Stores, etc. 2, 500 Buildings, e...tc. 2, 000 Water Rights 1, 500 Amalgam 1, 500 Cash 2, 500 $125, 000. 00 $125, 000 Assets turned over to Consolidated Co.
336 CORPORATION ACCOUNTING 984. The $21. 05 m casn received from the Mascot Com- pany must now be distributed among the stockholders. When this is done the Cash Account will balance and also all the Resource accounts.
985. Inasmuch as the above amount is incommensur- able with the labor involved in its collection and distribution the work may be theoretically performed without cavil or criticism.
What to read after Corporation Accounting And Corporation Law a Manual of Corporate Organization?
You can find similar books in the "Read Also" column, or choose other free books by J J John Joseph Rahill to read onlineMoreLess
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