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LiRa [457]
3 years ago
8

In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, payi

ng cash of $ 9 per share. On January ​30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.
Business
1 answer:
photoshop1234 [79]3 years ago
3 0

Answer:

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

              cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000

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A company had the following purchases during its first year of operations:
Readme [11.4K]

Answer:

Ending inventory value= $9,127

Explanation:

Giving the following information:

January: 17 units at $127

February: 27 units at $137

May: 22 units at $147

September: 19 units at $157

November: 17 units at $167

<u>Using the specific identification method, we need to multiply each unit for its specific cost.</u>

<u></u>

Ending inventory:

January= 9*127= 1,143

February= 11*137= 1,507

May= 13*147= 1,911

September= 11*157= 1,727

November= 17*167= 2,839

Ending inventory value= $9,127

5 0
3 years ago
Human resource management requires the ability to communicate through a variety of channels. T/F
MA_775_DIABLO [31]

Answer:

true

Explanation:

this statement is true

3 0
3 years ago
During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Leno4ka [110]

Answer:

Total sales tax payable:170, sales :2000

Explanation:

Sale price x sales tax rate = sales tax payable

2000 x .085 (6%+2.5%) = 170

it doesn’t say so I’m assuming that the 2,000 credit sale does NOT include the sales tax due.

3 0
3 years ago
A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0
3 years ago
A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 17%, while stock B has a standard
Goryan [66]

Answer:

.793

Explanation:

Formula

.032=.7^2*.17^2+.3^2*.23^2+2(.7)(.3)(.17)(.23)p

.032=.0142+.0048+.0164p

.032-.0142-.0048=.0164p

.0164p=.013

p=.013/.0164

p=.793

3 0
3 years ago
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