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nikklg [1K]
3 years ago
6

Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t

hese shares were purchased for $40 per share by Vaughn Manufacturing and held as treasury stock. On June 15, 2018, these 25500 shares were exchanged for a piece of property that had an assessed value of $753000. Vaughn’s stock is actively traded and had a market price of $46 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 beA. $153000.B. $743000.C. $453000.D. $218000.
Business
1 answer:
marshall27 [118]3 years ago
6 0

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr,                                          $1,173,000

          To Treasure stock                     $1,020,000

           To additional paid-in-capital    $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

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Option D. purchase the shares of a Index fund.

Explanation:

The reason is that the index funds are itself a mutual fund investment and they follow preset rules which helps an ordinary investor to understand those rules easily. Furthermore, they are already a diversified investment, hence investing in the shares of mutual fund makes the investment risk diversified investment.

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3 years ago
An extended period of little or no growth in gdp, wages, and prices is a period of?
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An extended period of little or no growth in GDP, wages, and prices is a period of stagnation.

When real economic growth is less than 2% annually it is considered stagnation. Stagnation is a prolonged period of little or no growth in an economy. This no growth economic period affects various sectors of the economy such as GDP, wages, prices etc.

Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock. Stagnation is a situation which occurs within an economy when total output is either flat, declining, or growing slowly.

Hence, stagnation in economy can occur due to a number of causes.

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1 year ago
In the event of death, this insurance covers the entrepreneur's business and helps family face the financial challenges.
allsm [11]

Answer:

a

Life

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8 0
3 years ago
Select the correct answer. who makes decisions regarding changes in the discount rate? a. the president b. the board of governor
Taya2010 [7]

The correct answer is option B.

The board of governors make decisions regarding changes in the discount rate.

<h3><u>What is board of governors?</u></h3>
  • The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C.
  • It is governed by seven individuals, known as "governors," who are appointed by the American president and approved in their roles by the American senate.
  • In order to advance the objectives and carry out the duties assigned to the Federal Reserve by the Federal Reserve Act, the Board of Governors directs how the Federal Reserve System is run.
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When the Reserve Banks lend to depository institutions and others, as well as when they offer financial services to depository institutions and the federal government, the Board also offers general oversight, direction, and counseling.

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5 0
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xxTIMURxx [149]

Answer:

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Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings  or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present  on all three statements ( on balance sheet as part of retained earnings or equity).

6 0
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