Since 1997, the RAND Corporation and. the Air Force Logistics Management Agency have studied and refined. a framework for an Agile Combat Support (ACS) system to support. the AEF concept (Galway et al., 2000; Tripp et al., 1999).
What is the par or stated value per share of Tootsie Rollâs common stock? Par Value of common stock = $0.6944. Explanation: We find this figure on the balance sheet listed as âClass B common stock, $.69-4/9 par valueâ. Since the the par value of the stock is listed as a fraction, we need to covert the total to a decimal. This results in 0.6944444444444.
In states that allow no-par stock there is normally a stated value that is handled in the same manner as the par value. Shares Issued for Cash When stock is sold for cash the entry includes a debit to cash and a credit to one or more paid-in capital equity accounts. Example: Spencer Corporation sells 100 shares of common stock with a par value of $1 for $500. The journal entry would be as follows: Account Debit Credit Cash $500 Common stock $100 Additional paid-in capital, common stock 400To record the sell of 100 shares of $1 par value common stock for $5 per share.