a. 14. StartupAndFly is authorized to issue up to 5 million shares. At...
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a. 14. StartupAndFly is authorized to issue up to 5 million shares. At the formation of the company, before any of the three founders contribute money to the venture, how many shares should SAF issue to each founder, and why? [be sure to recommend an exact number). b. The founders find an investor willing to contribute the first $100,000 to the company, for 30% of the company. i. The investor claims that she is an accredited investor. What do we know about her? ii. Where on the income statement will the $100,000 that SAF receives from the investors be entered? a. 14. StartupAndFly is authorized to issue up to 5 million shares. At the formation of the company, before any of the three founders contribute money to the venture, how many shares should SAF issue to each founder, and why? [be sure to recommend an exact number). b. The founders find an investor willing to contribute the first $100,000 to the company, for 30% of the company. i. The investor claims that she is an accredited investor. What do we know about her? ii. Where on the income statement will the $100,000 that SAF receives from the investors be entered
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