Describe a stock subscription plan
What will be an ideal response?
Answer: In a stock subscription plan, buyers pledge to buy certain stocks but pay in installments or in a lump sum at a later date. When the company accepts a subscription for common stock, the transaction is an increase in the asset account Subscriptions Receivable-Common Stock for the subscribed amount, and increase in the equity account Common Stock Subscribed for the par value, and an increase in the equity account Paid-In Capital in Excess of Par-Value-Common (if the subscribed amount is more than the par value. The equity account Common Stock is not affected until the stock is actually issued, usually when the subscription is paid in full.
You might also like to view...
Which of the following would be considered an example of the drop-off survey?
A) A researcher brings a questionnaire to a respondent's home and leaves it to be completed. B) A hotel leaves a questionnaire in a room for customers to evaluate their accommodations. C) A retail store offers a customer a survey and promises a gift certificate if they return the questionnaire on their next visit. D) A graduate student hands surveys out to other students to be placed in a drop box when completed. E) All of the above would be considered drop-off surveys
Draw the ANOVA interactive cases listed below (Figure 16.4 in the text). Name your dependent variable Y and assume that there are two factors, X1 with three levels (X11, X12, and X13 ), and X2 with two levels (X21 and X22 )
Briefly discuss/describe the interaction shown in each of your drawings. 1. no interaction 2. ordinal interaction 3. disordinal interaction (noncrossover) 4. disordinal interaction (crossover)