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Panton, Inc

question 109

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Panton, Inc.acquired 18,000 shares of Glotfelty Corp.several years ago for $30 per share when Glotfelty had a book value of $450,000.Before and after that time, Glotfelty's stock traded at $30 per share.At the present time, Glotfelty reports the following stockholders' equity: Panton, Inc.acquired 18,000 shares of Glotfelty Corp.several years ago for $30 per share when Glotfelty had a book value of $450,000.Before and after that time, Glotfelty's stock traded at $30 per share.At the present time, Glotfelty reports the following stockholders' equity:   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. 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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Intermittently

Occurring at irregular intervals; not continuous or steady.

Punishment

The imposition of a penalty or deprivation for wrongdoing, used as a method of discouraging undesirable behavior.

Effectiveness

The degree to which something achieves its intended outcome or results in a desired effect or impact.

Unpleasant Stimulus

A negative or harmful stimulus that causes discomfort or aversion.

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