x
Info
x
Warning
x
Danger
 / 
 / 
 / 
When companies offer new equity security issues, they publicize the

Question : When companies offer new equity security issues, they publicize the : 7916

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the equity offerings reported in December 2013:

American Materials Transfer Corporation (AMTC)—8.5 million common shares, $0.001 par, priced at $14.924 each through underwriters led by Second Tennessee Bank N.A. and Morgan, Dunavant & Co., according to a syndicate official.

Proactive Solutions Inc. (PSI)—Offering of 9 million common shares, $0.01 par, was priced at $16.8 a share via lead manager Stanley Brothers, Inc., according to a syndicate official.

Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

Record the issuance of the AMTC stock

record the issuance of the PSI stock

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume the following were among the equity offerings reported in December 2013:

Solution
5 (1 Ratings )

Solved
Accounting 9 Months Ago 203 Views
This Question has Been Answered!
Unlimited Access
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
150233 Accounting Questions Answered!
Post a Question