elliv island dating game - Liquidating dividend accounting entry

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Organization costs is an intangible asset, included on the balance sheet and amortized over some period not to exceed 40 years.

, issues 10,000 shares of its $1 par value common stock in exchange for land to be used as a plant site, the market value of the stock on the date it is issued is used to value the transaction.

The fair market value of the land cannot be objectively determined as it relies on an individual's opinion and therefore, the more objective stock price is used in valuing the land.

The stock transactions discussed here all relate to the initial sale or issuance of stock by The J Trio, Inc.

Treasury shares are included in the number reported for shares issued but are subtracted from issued shares to determine the number of outstanding shares.