Examlex
The following selected transactions pertain to the Liang Corporation:
Jan 3 Issued 100,000 common shares for $25 cash per share.
Feb 10 Issued 6,000 common shares in exchange for special purpose equipment appraised at $159,000. Liang Corporation's common shares have been actively traded on the stock exchange at $27 per share.
Instructions
Journalize the transactions.
Succession Plan
A strategy for passing on leadership roles, often including the ownership of a company to an heir or successor.
Financing
The process of providing funds for business activities, making purchases, or investing, through loans, equity investments, or other means.
Maturity Stage
A phase in the product life cycle or organization's development characterized by stable and consistent growth or performance.
Entrepreneurial Firms
Businesses characterized by innovative strategies and practices, often aiming to meet a market need by developing or offering new products, services, or technologies.
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