Quiz 1 - JumptoNavigationFrame

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Jump to Navigation Frame   Your location: Assessments  ›  View All Submissions  › View Attempt  View Attempt 1 of 2  Title: QZ.CH13 Started: September 12, 2010 6:32 PM Submitted: September 12, 2010 7:06 PM Time spent: 00:33:37  Total score: 10/30 = 33.3333%   Total score adjusted by 0.0  Maximum possible score: 30  1. Johnson Company issued 600 shares of no-par common stock for $10,200. Which of the following  journal entries would be made if the stock has no stated value? (ch13_mc-006)   Johnson Company issued 600 shares of no-par common stock for $10,200. Which of the following journal  entries would be made if the stock has no stated value?    Student Response Value 1.  Cash   10,200     Common Stock   10,200            100%  2.  Cash   10,200     Common Stock   600   Paid-in Capital in Excess of Par   9,600  
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3.  Cash   10,200     Common Stock   600   Paid-in Capital in Excess of Stated Value    9,600   4.  Common Stock   10,200     Cash   10,200   Score: 5/5    2. Rebel Inc. issued 3,000 shares of no-par common stock with a stated value of $3 per share. The market  price of the stock on the date of issuance was $12 per share. The entry to record this transaction  includes a (ch13_mc-013)   Rebel Inc. issued 3,000 shares of no-par common stock with a stated value of $3 per share. The market price  of the stock on the date of issuance was $12 per share. The entry to record this transaction includes a    Score: 0/5    3.
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Andrews, Inc. paid $45,000 to buy back 9,000 shares of its $1 par value common stock. This stock was  sold later at a selling price of $6 per share. The entry to record the sale includes a (ch13_mc-009)   Andrews, Inc. paid $45,000 to buy back 9,000 shares of its $1 par value common stock. This stock was sold  later at a selling price of $6 per share. The entry to record the sale includes a 
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This note was uploaded on 11/29/2010 for the course ACCT 1256 taught by Professor George during the Spring '10 term at St. Petersburg College.

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Quiz 1 - JumptoNavigationFrame

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