1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill [66]
3 years ago
10

Pember Corporation started business in 2012 by issuing 200,000 shares of $20 par common stock for $27 each. In 2017, 25,000 of t

hese shares were purchased for $39 per share by Pember Corporation and held as treasury stock. On June 15, 2018, these 25,000 shares were exchanged for a piece of property that had an assessed value of $760,000. Pember's stock is actively traded and had a market price of $45 on June 15, 2018. The cost method is used to account for treasury stock. The amount of paid-in capital from treasury stock transactions resulting from the above events would be A) $750,000. B) $450,000. C) $215,000. D) $150,000.
Business
1 answer:
natima [27]3 years ago
6 0

Answer:

Option D is the correct option. Please choose option D that is $150,000.

Explanation:

Amount of paid-in capital from treasury stock transactions = Shares exchanged * (Market Price - Share purchase Cost)

Where Shares exchanged = 25000

Market price = $45

Cost of share = $39

Therefore, the amount of paid-in capital from treasury stock transactions = 25000 shares * (45 - 39) = $150,000

Option D $150,000 is correct

You might be interested in
Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2012. An additional 200,000 shares are issued on Apri
12345 [234]

Answer:

5,110,000 and 5,170,000.

Explanation:

earnings per share EPS = (net income - preferred dividends) / weighted average of outstanding shares

  • 4,800,000 at the beginning of the year
  • 200,000 issued April 1 = 200,000 x 9/12 = 150,000
  • 480,000 issued September 1 = 480,000 x 4/12 = 160,000

weighted average outstanding shares = 4,800,000 + 150,00 + 160,000 = 5,110,000

diluted shares = ($6,000,000 / $1,000) x 40 x 3/12 = 60,000

diluted EPS = (net income - preferred dividends) / (weighted average of outstanding shares + diluted shares)

weighted average of outstanding shares + diluted shares = 5,110,000 + 60,000 = 5,170,000 shares

4 0
2 years ago
The Topangins are a minority group in the Canary Island, with a set of preferences, attitudes, and taboos, distinct from that of
lutik1710 [3]

Answer: subculture

Explanation:

The community is an example of subculture.

A subculture is a group of people within a culture that differentiates itself from the parent culture to which it belongs, often maintaining some of its founding principles. Subcultures develop their own norms and values regarding cultural, political and sexual matters.

subcultures might include hippies, Goths, fans of hip hop or heavy metal and even bikers.

7 0
3 years ago
Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. I
Lerok [7]

Answer:

9.75

Explanation:

4 0
3 years ago
The Quarter Burger is a hamburger sold by the international fast-food chain Sammy's Burgers. It was given the name because it co
timama [110]

Sammy's quarter-pound burger is positioned by: price-quality

<u>Explanation:</u>

The price-quality way of positioning practices the similarity within price and quality before-mentioned that it optimally values a commodity according to the feature of the commodity to retain the commodity hovering in the customer's perception. Pricing does not necessitate to be huge for more leading positioning.

Marketers frequently do price/ quality properties to locate their trademarks. Although the price is an essential factor, the commodity quality must be tantamount to, or indeed more reliable than, fighting trademarks for the positioning strategy to be active.

8 0
3 years ago
A business manager finds that the building expense each month is completely uncorrelated with revenue levels. What should the bu
Westkost [7]

Answer:

The business manager should assume that the building expense is fixed.

Explanation:

Fixed costs are not correlated with the revenue levels.  Within the relevant range, fixed costs remain constant.  They do not vary with the activity levels as variable costs do.  For example, a manufacturer must pay for rent, repairs and maintenance, and utility bills irrespective of the revenue levels at which it is operating.  This is why the business manager always discovers that the building expense each month does not correlate with the revenue levels, unlike the product's variable costs.

3 0
2 years ago
Other questions:
  • You are considering purchasing the Zions Bank $4.50 preferred stock. If you require a 4% return on this investment, what should
    5·1 answer
  • The generic value chain consists of​ ________ activities and four support activities.
    8·1 answer
  • An effective concurrent strategy for dealing with employee theft of supplies and equipment is ________.
    12·1 answer
  • Which of the following statements most accurately describes the federal government and its employees?
    10·1 answer
  • Elisa, an HR manager for a medium-sized company, is assigned to update all job descriptions and job specifications for her compa
    10·1 answer
  • Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
    13·1 answer
  • The difference between a job shadow and an internship is what?
    11·2 answers
  • After a series of layoffs, the CEO meets with employees to explain how the company plans to move forward and to ease their conce
    12·1 answer
  • The following is the information for the Brendan's Bread bakery company.
    13·1 answer
  • When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!