Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. nebraska inc. issues 4,750 shares of common stock

Nebraska Inc. issues 4,750 shares of common stock for $152,000. The stock has a stated...

80.2K

Verified Solution

Question

Accounting

Nebraska Inc. issues 4,750 shares of common stock for $152,000. The stock has a stated value of $17 per share. The entry to journalize the stock issuance would include a credit to Common Stock for

a.$71,250

b.$152,000

c.$80,750

d.$4,750

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

Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production...

Accounting
Q

1 In Mendelian garden pea experiment yellow seed color Y was dominant and green seed...

Biology
Q

Given the density of the aqueous solution is 1 00 g mL and it has...

Physics
Q

is 3 9 A bucket containing water of depth 10 cm is kept in a...

Physics
Q

Problem 6 Two people are standing on opposite sides of a small river One person...

Basic Math
Q

0 0 1 0 1 0 State what the shaded area represents A Total cost...

Calculus
Q

What is the amplitude of the graph y sin 2x 6 3 01 2 3

Algebra
Q

Knowledge Check 01 Previously, Milad Corporation issued 5,000 shares of $0.05 par value common stock...

Accounting
Q

The following information was obtained from the Green Company records: .On April 7, Green Company...

Accounting
Q

How do i make a statement of a stockholder's equity? I am having trouble understanding...

Accounting
Q

Which of the following tax is assessed by local government? a. Capital Gain Tax b....

Accounting
Q

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint...

Accounting