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Showing posts with the label Uzi Company

Fill in the Excel spreadsheet provided via the link at the bottom of the page to provide your answers

Complete the following exercise. Fill in the Excel spreadsheet provided via the link at the bottom of the page to provide your answers to parts a, b, and c. Then paste the Excel data into a Word document on which you can also write the answer to part d.  Label each exercise or problem clearly. Use APA formatting and citation if needed. Uzi Company received a charter granting the right to issue 200,000 shares of $1.00 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50.00 par value preferred stock that is callable at $80.00 per share. Selected transactions are presented below. 20X1 Feb. 19 Issued 45,000 shares of common stock at par for cash. 22 Gave the corporation’s promoters 30,000 shares of common stock for their services in  getting the corporation organized. The directors valued the services at $50,000. Mar 30 Exchanged 100,000 shares of common stock for the following assets at fair market values: land, $25,000; building, $100,000; and...