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Temka [501]
3 years ago
12

Crane Corporation was organized on January 1, 2020, with authorized capital of 502000 shares of $10 par value common stock. Duri

ng 2020, Crane issued 31400 shares at $13 per share, purchased 3400 shares of treasury stock at $13 per share, and sold 3400 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2020?
Business
1 answer:
Finger [1]3 years ago
6 0

Answer:

The amount of additional paid-in capital at December 31, 2020 is $97600.

Explanation:

Additional paid-in capital from stock issuance 31400*(13-10)  94200

Additional paid-in capital from treasury stock 3400*(14-13)  3400

Additional paid-in capital at December 31, 2020                97600  

Therefore, The amount of additional paid-in capital at December 31, 2020 is $97600.

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Rashid [163]
Idk whats your qwestion
3 0
3 years ago
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct busi
Ivan
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct business in the treaty partner's domestic market are called <span>friendship, commerce, and navigation (FCN)  treaties. Correct answer: C
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8 0
3 years ago
Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6
raketka [301]

Answer:

Deferred income tax expense = $7,161

Explanation:

Given:

Bed debts increase = $6,800

Depericiation increase = $40,900

Tax-exempt life insurance = $3,450

Computation:

Assume tax rate = 21%

Taxable difference = 40,900 - 6,800

Taxable difference = 34,100

Deferred income tax expense = 34,100 × 21%

Deferred income tax expense = $7,161

6 0
2 years ago
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
Drupady [299]

Answer:

$816

Explanation:

Calculation for Dunbar Incorporated Ending inventory

Formula for Ending inventory units using FIFO method:

Ending inventory units = Beginning balance + Purchase -sales

Leg plug in the formula

490+410 - 600

= 300units

Calculation for Ending inventory

Ending inventory = 300*2.72

= $816

Therefore the Ending inventory assuming FIFO method is use would be $816

3 0
3 years ago
You have been asked to advise the Akawini management team how they should promote and monitor the transformation of risk managem
Temka [501]

Answer with Explanation:

To transform the risk management and promote the transformation process, Akawini must:

  • Implement Corporate Governance policies and enforce compliance with these guidelines.
  • Consistent Internal Control Reviews by conducting internal audits.
  • Compliance with the Sarbanes Oxley Act and Foreign Corrupt Practice Act will enable the risk management team to consider a wider aspect of its operation which includes domestic and foreign export policies enforcement.
  • Continuous Professional Development and advanced training will help them to act very efficiently and effectively minimize the level of risk the company is facing.

The progress is the process of movement towards achievement of goals and performance is the better movement towards achievement of goals.

To measurements that can be used to monitor progress and performance would be use of Key Performance Indicators and comparing the results with the actual results of company. This would help in understanding the under-performing areas and hurdles to progress. Some KPIs that the risk management team can consider are Value at risk reduced, risk threshold set, Risk to Rewards Ratio, etc.

Cost and Benefits of risk mitigation analysis will also be beneficial here because it helps the risk management team to consider the financial aspect of the decision making and thus helps in adding value to the business operation.

6 0
3 years ago
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