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Volgvan
3 years ago
13

Grid Corp. acquired some of its own common shares at a price greater than both their par value and original issue price, but les

s than their book value. Grid uses the cost method of accounting for treasury stock. What is the impact of this acquisition on total stockholders' equity and the book value per common share
Business
1 answer:
crimeas [40]3 years ago
7 0

Answer:

Reduction

Explanation:

Transactions involving treasury stock will affect the stockholders' equity section of the balance sheet by offsetting the value of common stock tothe the tune of the amount of the repurchase

By extension, as a result of the offsetting of common stock by treasury stocks; such transactions generally reduces stockholders' equity by the amount of the repurchase.

Hence, going forward, Grid Corp will show a lower number of outstanding shares and a lower figure as Shareholders' equity.

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Answer:

$3.40 per kilogram

Explanation:

Calculation for the standard price per kilogram for the raw material

Using this formula

Standard price per kilogram=(Raw Material total cost +Materials price variance)/Raw material kilograms

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Standard price per kilogram=($21,920+$1,370)/6,850

Standard price per kilogram=$23,290/6,850

Standard price per kilogram=$3.40 per kilogram

Therefore the standard price per kilogram for the raw material will be $3.40

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grin007 [14]

Answer:

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Below a staff managerial accountant would be lower level accounting who are in charge of bookeeping on a daily basis.

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It is important that the company is clear about the principle of this type of strategy, since achieving being different is not the objective, the particularity is being relevant and achieving consumer preference, that is, it is not enough to be different from the others, that difference must be followed by a benefit that the client supposes important and effective.

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Match each term on the left with the best definition on the right. Note: Not all definitions will be used. A detailed record of
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Answer:

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