Mgmt 200 Assignment Soln 4-12-10

Mgmt 200 Assignment Soln 4-12-10 - 35,000 Additional...

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Management 200 – Introductory Financial Accounting– Spring 2010 Krannert School of Management - Purdue University Solutions to class assignment for April 12, 2010 Exercise 11-3 Stock Issuance 1a. Cash (5,000 X $15) 75,000 Common Stock (5,000 X $5) 25,000 Additional Paid-in Capital (5,000 X $10) 50,000 b. Building 175,000 Common stock (7,000 X $5)
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Unformatted text preview: 35,000 Additional Paid-in Capital 140,000 c. Patent (2,000 X $25) 50,000 Common stock (2,000 X $5) 10,000 Additional Paid-in Capital 40,000 2. Common Stock, $5 par value: 14,000 shares issued and outstanding $ 70,000 Additional Paid-in Capital (50,000 + 140,000 + 40,000) 230,000 Total Contributed Capital $ 300,000...
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This note was uploaded on 05/25/2010 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

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