The company currently has 5 million common shares issued and. Access study documents, get answers to your study questions, and connect with real tutors for ACCOUNTING 102 : Accounting 102 at CUNY Queens College.In this video, I teach you the process of how to record the issuance of common stock. Access study documents, get answers to your study questions, and connect with real tutors for ACCOUNTING 202 : intermediate at CUNY Queens College. A new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. The Department of Finance (DOF) is in the process of developing regulations for the business corporation tax, enacted in 2015. When issuing common stock for non-cash assets or services, the transaction is recorded at the fair market value of what is received. If you need to sell your house fast for cash, we are local cash home buyers in Queens who are serious about buying your home. Russell 2000 Index is a smallcap stock market index of the smallest 2,000 stocks in the Russell 3000 Index. And another common issue is if the Coops financials don't look good.