Stock appreciation rights?

Common stock, par value, authorized 1.000.000 shares
300.000 issued and outstanding…………………………………3.000.000
Paid in capital in excess of par…………………600.000
Retained earnings……………………………….570.000

1. The company issued to the stockholders 100.000 rights.10 rights are needed to buy one share of stock at .The rights were void after 30 days.The market price was per share.
Prepare the journal entries

Post a comment

CommentLuv Enabled

Copyright © Humans Touch
Love Life ,Friendship & Love

Built on Notes Blog Core
Powered by WordPress