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

question 26

Essay

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: $$\begin{array} { | l | r | } \hline \text { Common stock, } \$ 10 \text { par value (20,000 shares outstanding) } & \$ 200,000 \\\hline \text { Additional paid in capital } & 100,000 \\\hline \text { Retained earnings } & \underline { 300,000 } \\\hline & \underline { \underline { \$ 000,000 } } \\\hline\end{array}$$
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.

Acknowledge the ethical considerations in framing sales messages.

Determine how to effectively organize persuasive messages for varied audiences.

Understand the significance of reader-oriented viewpoints in sales messaging.

Identify the elements that contribute to a strong sales message.

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Definitions:

Detail Type

Detail Type in accounting software helps categorize financial transactions more specifically within a broader account type for better clarity and reporting.

COA

An abbreviation for Chart of Accounts; a systematic list of account titles and numbers used by a company to organize its financial transactions and prepare financial statements.

Sub-accounts

Secondary accounts nested under a primary account, used for more granular management of finances.

Run Report

The process of generating a summary of data or statistics, typically from a database or software application.