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.
Issued 10,000 shares of $1 par value common stock at $10 per share. Mr. Smart, the bookkeeper, recorded this transaction with a $100,000 debit to Cash and a $100,000 credit to Common stock. As a result of this entry, Common stock will be overstated and additional paid-in capital will be understated.