Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 6.00

Venus Corporation

On January 1, 2006, Venus Corporation issued 60,000 shares of its total 200,000 authorized shares of $4 par value common stock for $8 per share. On December 31, 2006, Venus Corporation's common stock is trading at $13 per share. Assuming Venus Corporation did not issue any more common stock in 2006, how does the increase in value of its outstanding stock affect Venus?Question 4 options: This increase in market value of outstanding stock is not recorded in the financial statements of Venus Corporation. Each shareholder must pay an additional $5 per share to Venus. Venus should recognize additional net income for 2006 of $5 per share, or $300,000. Paid-in capital at December 31, 2006, is $780,000 (i.e. 60,000 shares times $13 per share

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 01:08 PM My Price 6.00

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