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What would be the entry on subscribed capital stock?
Generally in the format of: Cash (cash paid up front) Common Stock Subscribed Receivable (remaining amount due) Common Stock Subscribed (Temporary 'Legal Capital' Account) Additional Paid In Capital - Common When fully paid, post: Cash (cash paid) Common Stock Subscribed Receivable Common Stock Subscribed Common Stock
Is a common stock account increased by credit?
Yes, credits increases the common stock because common stock has credit as a normal balance of account.
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What are the accounting journal entries to record common stock redemption?
Debit common stockCredit redemption of common stock account
What type of account is common stock?
Equity Account When shares have no par value, the entire amount of the sale price is recorded in the common stock account. This account is classified as an equity account, and so appears near the bottom of a reporting entity's balance sheet
Is capital stock a permanent or temporary account?
Capital stock is considered a permanent account. Permanent accounts are ones which hold financial information for multiple accounting periods. Capital stock remains in an account until an accountant moves it to another account, which means that it is permanent.
What would be the entry on subscribed capital stock?
Generally in the format of: Cash (cash paid up front) Common Stock Subscribed Receivable (remaining amount due) Common Stock Subscribed (Temporary 'Legal Capital' Account) Additional Paid In Capital - Common When fully paid, post: Cash (cash paid) Common Stock Subscribed Receivable Common Stock Subscribed Common Stock
Is a common stock account increased by credit?
Yes, credits increases the common stock because common stock has credit as a normal balance of account.
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What are the accounting journal entries to record common stock redemption?
Debit common stockCredit redemption of common stock account
A firm has 1000000 in its common stock account and 2500000 in its paid-in capital account The firm issued 100000 shares of common stock What was the original issue price if only one stock iss?
10
What type of account is common stock?
Equity Account When shares have no par value, the entire amount of the sale price is recorded in the common stock account. This account is classified as an equity account, and so appears near the bottom of a reporting entity's balance sheet
How is common stock dividends distributable classified?
Common stock dividends distributable is an equity account and it has a normal credit balance. It is added to capital stock on the balance sheet.
What is the similarity between retained earnings and common stock accounts?
which of the following describes the similarity between the retained earning, and common stock account?
Is it true that stock investments account is debited at acquisition under both the equity method and cost method of accounting for investments in common stock?
the stock investments account is debited at acquisition under both the equity method and cost method of accounting for investments in common stock
What is the account used to transfer assets from a business to its stockholders?
Common stock
The Common Stock Distributable account is classified as a current liability?
FALSE!
