Panton, Inc Glotfelty Issues 5,000 Shares of Previously Unissued Stock to Panton

question 94

Essay

Panton, Inc. acquired 18,000 shares of Glotfelty Corp. several years ago. At the present time, Glotfelty is reporting the following stockholders' equity: $$\begin{array} { | l | r | } \hline \text { Common stock, } \$ 10 \text { par value } ( 20,000 \text { shares outstanding) } & \$ 200,000 \\\hline \text { Additional paid in capital } & 100,000 \\\hline \text { Retained earnings } & 300,000 \\\hline & \$ 600,000 \\\hline & \\\hline\end{array}$$ Glotfelty issues 5,000 shares of previously unissued stock to Panton for $35 per share.
Required: Describe how this transaction would affect Panton's books.

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Definitions:

SRM

Supplier Relationship Management is the systematic approach of assessing suppliers' contributions and influence on success, determining tactics to maximize suppliers' performance, and developing the strategic approach for executing these decisions.

Supply Network

The interconnected and complex system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Supply Web

A complex network of suppliers, manufacturers, and distributors working together to produce and deliver products to consumers.

Cycle View

An approach in supply chain management focusing on the processes and activities involved in satisfying customer demand through repetitive patterns.