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Paladinen [302]
1 year ago
15

Define treasury stock. Why do corporations acquire treasury stock?

Business
1 answer:
Dmitriy789 [7]1 year ago
8 0

Treasury stock, also known as treasury stock or repurchased stock, refers to shares issued prior to being repurchased by shareholders through the issuing company. As a result, the total number of shares outstanding on the open market is reduced.

Companies may use their shares to pay for investments in or acquisitions of competitors. These stocks may also be reissued to existing shareholders to reduce dilution from employee incentive compensation plans.

Stocks consist of shares in which the ownership of a company or business has been divided. One share represents a partial ownership interest in the company over the total number of shares.

Learn more about stock here:brainly.com/question/25818989

#SPJ4

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On January 1, 2017, Waterway Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base
nikklg [1K]

Answer and Explanation:

The journal entries are as follows;

a. On Jan 1

No journal entry is required

b. On Feb 5

Contra asset Dr $1,320

        To Sales revenue $1,320

(being sales revenue is recorded)

Cost of goods sold Dr $670

            To Inventory $670

(being cost of goods sold is recorded)

c. On Feb 25

Cash $3,300

Contra asset Dr $1,320

        To Sales revenue $1,980

(being sales revenue is recorded)

Cost of goods sold Dr $300

            To Inventory $300

(being cost of goods sold is recorded)

5 0
2 years ago
Which of the following charitable contributions is not tax deductible? a. Time donated to a qualified veterans’ organization. b.
igor_vitrenko [27]

Answer:

Time donated to a qualified veterans organization

Explanation:

The reason is that the company can only only deduct the products or services delivered which had cost the organization. The companies are not allowed to deduct the cost of time delivered however if the employee is specially paid to offer the services to qualified charitable institution then the charity would be tax deductable.

6 0
3 years ago
Julia
Nat2105 [25]

Answer:

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4 0
2 years ago
“Wealth Management Crisis aat UBS” (see file attached)
Delicious77 [7]

1. Based on the <em>“Wealth Management Crisis at UBS,”</em> my opinion is that the government and national culture of Switzerland, the U.S. Treasury, and some corrupt governments around the world, played a major role in aiding the tax fraud scandal committed by more than 52,000 U.S. residents.

The extent to which the corporate culture of UBS also contributed to the scandal is that the bank continued to help these U.S. residents to hide billions of dollars in untaxed assets.  Why should the bank deliberately hide accounts for U.S. residents?

2. The global financial crisis between 2007 and 2009 helped in uncovering the secret accounts and tax fraud scandal because its challenges encouraged the U.S. Department of Justice (DOJ) decided to investigate the tax frauds committed by foreign account holders.

The implication is that without the global financial crisis, the investigations that uncovered the tax fraud would not have been initiated by the U.S. Department of Justice (DOJ) soon.

3. It matters to the entities that could have been impacted by the scandal.  For instance, the U.S. Treasury was being deprived of hundreds of millions of dollars in taxes, according to the report.

Without the bailment from the Swiss government, UBS would have collapsed.  Many account holders would have lost their savings in the process.

There is no way no losses would not have been incurred if the scandal continued.

4. Importantly, we are not supposed to wait for the next global recession to uncover similar financial scandals and tax frauds around the world.

Thus, tax havens, like the UBS, must come under rigorous investigations from time to time.  Such regular investigations would deter would-be tax fraudsters and assets looters from committing to hiding their accounts.

Learn more about asset looting and Wealth Management crises at brainly.com/question/24554162 and brainly.com/question/25664180

7 0
2 years ago
When making college visits, you may be able to...
TEA [102]
To stay on campus or visit important places
8 0
3 years ago
Read 2 more answers
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