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stepladder [879]
3 years ago
13

Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for

$10 per share. The shares had originally been issued by Lem for $7 per share. By what amount would Lem's additional paid‐in capital from common stock decrease as a result of the acquisition?
Business
1 answer:
In-s [12.5K]3 years ago
7 0

Answer:

Additional paid in capital decrease by 100 as a result of the acquisition

Explanation:

Treasury Stock 600 (100 shares x $6)

Additional Paid-In Capital 100 (100 shares x $1)

cash 1,000 (100 shares x $10)

Additional Paid-In Treasury Stock 300

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Perpetual Inventory Using FIFO
maks197457 [2]

The cost of goods sold on October 24 is $4830

The perpetual inventory as on October 31 is 70 units of value as $2310

Explanation:

The order of events in the given scenario,

  • Oct. 1 - Inventory 200 units at $30
  • Oct. 7 - Sold 160 units
  • Oct. 7 - Remaining Inventory 40 units at $30
  • Oct. 15 - Purchase 180 units at $33
  • Oct. 15 - Total Inventory 40 units at $30 + 180 units at $33
  • Oct. 15 - Total Inventory 220 units and value is $7140 ($30 * 40 + $33 * 180)
  • Oct. 24 - Sold 150 units
  • Oct. 24 - Taken 40 units from the purchase of $30 and 110 units from the purchase of $33 by using FIFO logic
  • Oct. 24 - Total cost of goods sold is $4830

So, cost of goods sold on October 24 is $4830

  • Oct. 24 - Total Inventory 70 units and value is ($7140  - $4830) = $2310

The perpetual inventory value as on October 31 is $2310

7 0
4 years ago
Joanna, a manager at TravelWorld, has set up a committee to develop procedures for dealing with company-wide training needs and
KengaRu [80]

Answer:

Organizing.

Explanation:

As Joanna is a manager at TravelWorld. She has set up a committee to develop procedures for dealing with company-wide training needs and assigned people to conduct specific training programs. Joanna is engaged in organizing management function. In organizing function, effective managers arrange the work to achieve the defined organisational goals. Managers perform the organizing function when they organize and determine the particular tasks which are required to be done, who would be doing what, grouping the tasks, who will be reporting to whom and who is going to make the decisions accordingly.

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3 years ago
Cora is using a search engine to find organic results. What's she looking for?
Anestetic [448]
Finding a healthy way to eat. organic os all natural, without preservatives
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4 years ago
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It costs $1 billion to build a new fabrication facility. You will be selling a range of chips from that factory, and you need to
pishuonlain [190]

Answer:

Explanation:

Find the workings in the attached

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3 years ago
You purchased a stock for $29.40 a share, received a dividend of $0.72 per share, and sold the stock after one year for $31.30 a
Ludmilka [50]

Answer:

2.45%

Explanation:

dividend yield = annual dividend / Stock Price per share

$0.72 / $ 29.40 = 0.0245     (2.45%)

6 0
3 years ago
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