Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ex 113-57 issuing stock for assets other than cash

EX 113-57 Issuing stock for assets other than cash On April 5, Fenning Corporation, a...

90.2K

Verified Solution

Question

Accounting

image
EX 113-57 Issuing stock for assets other than cash On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 30,000 shares of $80 par common stock valued at $112 per share. Journalize the entry to record the transaction

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The following data come from the 2016 ANES, V36 and V87W, both recoded into 3 categories....

Basic Math
Q

Sulfuric acid solutions containing 60 wt% H2SO4 (specific gravity =1.498) is to be diluted to a...

Chemistry
Q

In circle V WX is highlighted WX measures 54 54 W X 1 in What...

Geometry
Q

A car traveling at speed v miles per hour on a dry road should be...

Basic Math
Q

3. All non-corporate entities engaged in commercial, industrial and business reporting entities, whose turnover (excluding...

Accounting
Q

Alex and Addison are married and have the following income items: Addison's self-employment tax was...

Accounting
Q

Blossom Company Retained Earnings Statement $ (C) Prepare an income statement for the month of...

Accounting
Q

On August 2, Jun Co. receives a $6,500, 90-day, 14.5% note from customer Ryan Albany...

Accounting
Q

You have just been hired as a financial analyst for Lydex Company, a manufacturer of...

Accounting
Q

Susan takes the exam. There are three multiple-choice questions she doesn't know which answer is...

Accounting
Q

Matt recently deposited $20,000 in a savings account paying a guaranteed interest rate of 4...

Accounting
Q

Based on our discussion of CAPM, the return required by investors on a stock is:...

Finance