Common Stock During the Period Ended December 31,2011,Eggball Company Issued One Million

question 34

Essay

Common stock
During the period ended December 31,2011,Eggball Company issued one million shares of its common stock in an offering for $9 million.What are the major tests of details that will be performed related to the paid-in capital accounts of Eggball in the year-end audit?

---

Definitions:

Penny Press

Newspapers that were sold for one cent in the 19th century, making news accessible to a broader American public, and significantly influencing the development of mass media.

Photography

The art, application, and practice of creating durable images by recording light, either electronically by means of an image sensor, or chemically by means of a light-sensitive material such as photographic film.

Unprecedented

Unprecedented refers to something that has never happened or been seen before, indicating a unique or novel occurrence.

Reporters

Journalists who investigate, gather, and present information in various forms of media, aiming to keep the public informed about events and issues.