How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask F. Naz Your Own Question
F. Naz
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5319
Experience:  Experience with chartered accountancy
20040807
Type Your Homework Question Here...
F. Naz is online now
A new question is answered every 9 seconds

Hi, I have 10 questions that i would like to be answerred within

Resolved Question:

Hi, I have 10 questions that i would like to be answerred within 30 mins please
Submitted: 5 years ago.
Category: Homework
Expert:  F. Naz replied 5 years ago.

Muhammad Jawaad Ahmed :

What type of questions are they, it depends on it, thanks.

Customer:

1.Characteristics of a corporation include
a.shareholders who are mutual agents
b.direct management by the shareholders (owners)
c.its inability to own property
d.shareholders who have limited liability

2.Under the corporate form of business organization
a.ownership rights are easily transferred.
b.a stockholder is personally liable for the debts of the corporation.
c.stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.
d.stockholders wishing to sell their corporation shares must get the approval of other stockholders.

3.The state charter allows a corporation to issue only a certain number of shares of each class of stock. This amount of stock is called
a.treasury stock
b.issued stock
c.outstanding stock
d.authorized stock

4.The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
a.5,000
b.45,000
c.40,000
d.50,000

5.A corporation issues 1,500 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
a.$15,000
b.$32,000
c.$17,000
d.$2,000

6.If Everly Company issues 1,000 shares of $5 par value common stock for $75,000, the account
a.Common Stock will be credited for $75,000.
b.Paid-in Capital in excess of Par Value will be credited for $5,000.
c.Paid-in Capital in excess of Par Value will be credited for $70,000.
d.Cash will be debited for $70,000.

Customer:

they will be kind of like this

Customer:

but different , of course

Customer:

can you do it? i am kinda in middle of something right now

Muhammad Jawaad Ahmed :

Okay please send the data, thanks.

Customer:

actually i only have one now

Customer:

how much would i have to pay for 1 though

Muhammad Jawaad Ahmed :

only one question nothing thanks.

Customer:

i waited a while but i still had to do it though, so i just did it myself. Thank you for your time thou, next time !

Muhammad Jawaad Ahmed :

You are welcome take care.

F. Naz and 2 other Homework Specialists are ready to help you

Related Homework Questions