Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
The common stock at a cash price of $13 per share = $ 53,300.
Common stock :
Common stock is a security that represents an ownership interest in a company. Ordinary shareholders elect a board of directors and vote on company policy. This form of equity ownership usually yields higher returns over the long term. Common stock is a form of corporate ownership and a form of security. The terms voting stock and common stock are also commonly used outside the United States.
Working notes :
Common stock = 4,100 × $ 13
= $ 53,300
Account titles and explanation Debit Credit
cash $53,300
Common stock $ 53,300
( being shares issued at cash price recorded)
What type of stock is common stock?
Common stock is a type of tradable asset or security that represents ownership of a company. If you own a company's common stock, you have the right to vote on company policies, board decisions, and more. Common stock is just one type of stock traded on a public exchange.
Learn more about common stock :
brainly.com/question/25562729
#SPJ1
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
