Aye Corp Was Organized in January 2020 with Authorized Capital of of 1,000,000

question 62

Short Answer

Aye Corp. was organized in January 2020 with authorized capital of 1,000,000 no par value common shares. On February 1, 2020, shares were issued at $ 10 per share. On March 1, 2020, the corporation's lawyer accepted 7,000 common shares with a fair value of $ 85,000 in settlement for legal services. Total shareholders' equity would increase on

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Definitions:

Peak

The highest point or maximum value of a graph, often used in reference to spectra in analytical chemistry indicating a specific property.

C=C Stretching Frequency

Refers to the frequency at which the carbon-carbon double bonds in a molecule vibrate, typically observed in infrared spectroscopy.

IR Absorption

The absorption of infrared radiation by molecules, leading to changes in vibrational energy levels, used in spectroscopy to identify functional groups.

Intense IR Absorption

A characteristic of some materials to strongly absorb infrared radiation at specific wavelengths, indicative of particular molecular bonds.