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
storchak [24]
2 years ago
11

A corporation purchases 1,000 shares of its own common stock for $4,000 on Feb. 13. On April 13, half of the treasury stock was

sold for $3,000. On April 26, the other half of the treasury stock was sold for $1,800. The entry to record the April 26 sale would include
i. a debit to Paid-in Capital from the Sale of Treasury Stock for $200.
ii. a credit to Cash for $1,800.
iii. a debit to Treasury Stock for $2,000.
iv. a credit to Paid-in Capital from the Sale of Treasury Stock for $1,200.
What is the total stockholders' equity based on the following data?
Common Stock $900,000
Excess of Issue Price Over Par 375,000
Retained Earnings (deficit) 50,000
a. $1,275,000
b. $900,000
c. $1,225,000
d. $1,325,000
Business
1 answer:
koban [17]2 years ago
3 0

Answer:

d. $1,325,000

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
You might be interested in
"generally, assuming no negligence on the part of the victim, when an endorsement on a check has been forged and properly report
katen-ka-za [31]
The party that is liable for the loss is the BANK. This is because, the bank is liable for forged checks, if it fails to verify the signature on the check very well. It is written in the law that a payor bank that pays a check with a forged payee signature has paid a check that is not properly payable and is liable to its customer. 
8 0
2 years ago
When a third party knows that an agent is acting on behalf of a principal, but does not know the identity of the principal, the
Amanda [17]
Partially disclosed or unidentified
5 0
3 years ago
The term used to describe the degree to which tasks in an organization are subdivided into separate jobs is called ________.
lyudmila [28]

Answer:

work specialization

Explanation:

The term being described is known as work specialization. This term, also known as division of labor, is mainly used by companies in order to divide a large job position into smaller, single tasks that can be completed by one individual. The individual that is given such a task is trained thoroughly in order for them to become a specialist in that task and output more precise workloads.

6 0
3 years ago
What methods may an economist use to test a hypothesis? A. Wait for real-world events to confirm or refute the hypothesis. B. Co
Scrat [10]

Answer:

A. Wait for real-world events to confirm or refute the hypothesis.

B. Conduct one or more experiments.

Explanation:

Hypothesis by economists can lead to results that can decide economic policy. As such, it is important that they are tried and tested.

One way of testing a hypothesis is the standard method of conducting one of more experiments. These experiments will simulate world settings so that the experiment can be as close as possible to the real world.

Another method is to experience the hypothesis. The economist could just wait for events in the real world to either confirm or deny the hypothesis because the economy is dynamic and has been known to react uniquely to events that it otherwise should not have reacted to. It is therefore likely that it might react in a certain way that will enable the economist test their hypothesis.

5 0
3 years ago
Productivity is the combination of
BigorU [14]
Efficiency i believe <span />
5 0
2 years ago
Read 2 more answers
Other questions:
  • Jase Manufacturing Co.'s static budget at 7,800 units of production includes $39,000 for direct labor and $3,120 for electric po
    14·1 answer
  • Which example BEST illustrates that GDP (gross domestic product) is not always a good indicator of economic health?
    5·2 answers
  • Which of the following is an appropriate during a formal interview
    6·1 answer
  • Why is questioning such an important leadership skill
    9·2 answers
  • Which of the following types of documents is used to ensure that the project has clear boundaries for what is and is not include
    15·2 answers
  • When you validate a customer, you are:​ . Ensuring that the customer will buy the product b. Ensuring that a solution currently
    10·1 answer
  • Simon lost $5,000 gambling this year on a trip to Las Vegas. In addition, he paid $2,000 to his broker for managing his $200,000
    7·1 answer
  • The currency in Macroland is called econs. In Macroland, the public holds 2,000 econs in currency; commercial bank reserves are
    9·1 answer
  • Hello everyone my name is omara and I have a website that I would love for you to join it is called Marys advisee it where anyon
    11·1 answer
  • One disadvantage of the BYOD strategy is the potential for __________. Group of answer choices cost savings increased flexibilit
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!