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3 years ago

The shareholders’ equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015:

Business

1 answer:

ivolga24 [154]3 years ago

3 0

Answer:

TNL System Journal entries

Date Description DR CR

$'million $'million

a. Feb 5 Treasury Stock 66

Cash 55

Being the purchase of own shares

b. July 9 Cash 26

Treasurt Stock 22

Paid -in- Capital -share repurchase 4

Being the resale of treasury stock

c. Nov 4 Cash 16

Paid - in-capital- share repurchase 5

Retained earnings 1

Treasury stock 22

Being the resale of treasury stock below the cost

2. Balance Sheet as at December 31, 2018

$'million

Equity

Common stock, 230 ,illion shares at $1 230

Paid-in-excess capital of par 1,830

Retained Earnings ( 1,400 - 1 -1,399) -

2,060

Treasury Stock (22)

Total Equity 2,038

Explanation:

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Answer:

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2 years ago

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You enter into a short crude oil futures contract at $43 per barrel. The initial margin is $3,375 and the maintenence margin is

Wewaii [24]

Answer:

The correct answer is "43.875". A further explanation is provided below.

Explanation:

The given values are:

Initial margin,

= $3,375

Maintenance margin,

= $2,500

Barrels of oil,

= 1,000

Now,

The loss on the position will be:

= $3375-2500$

= $875$ ($)

then,

⇒ $1000 (P - 43) = 875$

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On adding "43000" both sides, we get

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3 years ago

In situations of sticky prices and negative demand shocks, we would expect firms to A. deplete inventories before increasing pro

valina [46]

Answer:

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Explanation:

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