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oee [108]
3 years ago
8

Treasury stock that had been purchased for $4,566 last month was reissued this month for $5,184. What would the journal entry to

record the reissuance include?a. Credit to Treasury Stock for $618b. Credit to Treasury Stock for $4,566c. Credit to Excess of Par/Common for $618d. Debit to Treasury Stock for $4,566
Business
1 answer:
miss Akunina [59]3 years ago
7 0

Answer:

The answer can include both C and D. Description below.

Explanation:

We make the following records.

The treasury stock was reissued at a premium of 5184 - 4556 = $628

Since treasury stock is  credit account by nature we debit  to reduce it by the Amount of $4,566

$628 is to be credited to the paid in capital as this is premium received in excess of par value of the stock. Since there is no mention of premium or paid in capital account we may credit the Excess of Par/Common.

Hope that helps.

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A christmas poem out of celebration
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3 years ago
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
SOVA2 [1]

Answer:

$287.01

Explanation:

The 2 stage dividend discount model would be used to determine the current value of the stock.

first stage

Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73

Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88

Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03

Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20

second stage

[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17

Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01

4 0
2 years ago
Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was
muminat

Answer:

11.00

Explanation:

Earnings \: per \: share = \frac{net \: income}{shares}

36,000 net income

200,000 common stock / $4 per share= 50,000 shares

36,000 / 50,000 = 0.72 earnings per share

price-earnings \: ratio = \frac{market\: price}{EPS}

7.92 / 0.72 = 11

5 0
3 years ago
Bridges, shopping centers, and other jobs that take months or years to complete and involve the work of many are called ______.
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Bridges, shopping centers, and other jobs that take months or years to complete and involve the work of many are called Project

What is project?

A project is any endeavour that is carefully planned to accomplish a specific goal, whether it is done alone or with others. It may also involve research or design.

An alternate perspective describes a project as a series of connected tasks that must be completed within specific time, budget, and other constraints.

To learn more about Project

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3 0
2 years ago
The current price of xyz stock is $50.00. dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
muminat
1/50+7 = 9.0 so the answer is 9.0
5 0
3 years ago
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