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Capital paid in excess of par common stock?
Capital amount paid for excess of par value of common stock is called "Share premium amount" which is also part of capital of business.
Is treasury stock the same as capital stock?
Treasury stock is contra of capital stock used by company to purchase own capital stock to reduce the paid in capital.
Is Capital stock asset or liability?
Capital stock is part of liability
What are taxes that are imposed on the total assessed value of the shares of stock in a business called?
Capital Stock (A+)
The journal entry to issue 1000000 shares of 5 dollars par common stock for 7dollars per share on January 2nd would be?
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
Is premium on capital stock an asset or liability?
Premium on capital stock is neither an asset nor a liability. It is a component of shareholders' equity and represents the amount that exceeds the par value of the stock. It is typically recorded as a separate line item in the equity section of the balance sheet.
Capital paid in excess of par common stock?
Capital amount paid for excess of par value of common stock is called "Share premium amount" which is also part of capital of business.
Is treasury stock the same as capital stock?
Treasury stock is contra of capital stock used by company to purchase own capital stock to reduce the paid in capital.
Is Share premium as capital or revenue reserve?
Share Premium is a Capital Reserve. They cannot pay dividends because share premium is a non trading activity.
Is Capital stock asset or liability?
Capital stock is part of liability
How do you record a common stock journal entry in exchange for non cash?
[Debit] Asset / goods in kind [Credit] Share Capital
What is the journal entry for 10000 shares of 2 par stock at 9 per share?
debit cash / bank 90000credit share capital 20000credit share premium 70000
What are taxes that are imposed on the total assessed value of the shares of stock in a business called?
Capital Stock (A+)
What are the accounting journal entries to record the exchange of debt for common stock?
Debit the liability (debt) account and credit Common Stock (for the par value of the shares) and Additional Paid in Capital (for the balance).
The journal entry to issue 1000000 shares of 5 dollars par common stock for 7dollars per share on January 2nd would be?
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
What is the journal entry for a stock issue?
Issuing Par Value Common Stock for Cash (assume par value is $1) dr. Cash $1.00 cr. Common Stock $1.00 to record issuance of 1 share of $1 par common stock if sold for more than par value (Assuming $5) dr. Cash $5 cr. Common Stock $1 Paid-in Capital in excess of par $4 to record issuance of 1 share of common stock in excess of par.
What is contributed capital?
Capital received from investors for stock, equal to capital stock plus contributed capital. also called contributed capital. also called paid-in capital.
