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Anit [1.1K]
3 years ago
7

The following data is available for Bonita Corporation at December 31, 2018: Common stock, par $10 (authorized 31200 shares) $24

5000 Treasury Stock (at cost $15 per share) $ 750 Based on the data, how many shares of common stock have been issued
Business
1 answer:
aev [14]3 years ago
6 0

Answer:

24,500 shares

Explanation:

Common stock par $10 (authorized 31200 shares) = $245,000

Treasury stock (at cost is $15 per share)                 =$750

Common stock issued = Common stock value / Stock value

Common stock issued = $245,000 / $10

Common stock issued =24,500 shares

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Answer:  B

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A portfolio manager sells Treasury bonds and buys corporate bonds because the spread between corporate- and Treasury-bond yields
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Answer: The correct answer is "an intermarket spread".

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Assume that interest rates on 15-year noncallable Treasury and corporate bonds with different ratings are as follows: T-bond = 7
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Answer:

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3 years ago
Riverbed Corp has 8,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholde
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Answer:

Date       Account Titles and Explanation        Debit           Credit

1-Nov     Cash Dividends                             $42,000

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             Dividends Payable                                                   $42,000

             (To record dividends payable)  

1-Dec      No entry on this date

31-Dec     Dividends Payable                     $42,000  

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When a company is able to expand its operations by exporting globally, it can often achieve greater economies of scale which res
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