Make Fillable Legal Kentucky Financial Checkup Forms For Free

A company issues common stock to raise money, so the debit will always be to cash. There will always be a credit to common stock for the # of shares issued x the par value. Additional paid-in capital (APIC) is the plug.

Upon issuance, common stock is recorded at par value with any amount received above that figure reported in an account such as capital in excess of par value. If issued for an asset or service instead of cash, the recording is based on the fair value of the shares given up.

Issued shares are those that the owners have decided to sell in exchange for cash, which may be less than the number of shares actually authorized. Shares issued generate the assets or other value given for founding a company or growing it later on.

Stock issuances DebitCash or other item received(shares issued x price paid per share) or market value of item receivedCreditCommon (or Preferred) Stock(shares issued x PAR value)CreditPaid in capital in excess of par value, common (or preferred) stock(difference between value received and par value of stock)

(1) A party to a custody proceeding may move for a temporary custody order. The motion must be supported by an affidavit as provided in KRS 403.350. The court may award temporary custody under the standards of KRS 403.270 after a hearing, or, if there is no objection, solely on the basis of the affidavits.

An oral motion may be made during a hearing or trial, but motions are usually in writing and filed with the Office of Circuit Court Clerk. Often motions have a ?memorandum? filed with them that explains the legal reasons why the court should grant the motion.