A is the answer of these questions you had ask....
Answer:
d) credit to Paid-in Capital from Treasury Stock for $30,000
Explanation:
The entry for profit in sale of treasury stock is as computed below
Account Details Debit Credit
Cash (5000*20) $100,000
To treasury stock (5000*14) $70,000
To Additional paid in capital (5000*6) $30,000
Answer: Counter trade
Explanation: In simple words, counter trade or bilateral trade refers to the situation when two entities exchange goods or services with one another without using any money. This kinds of trade does not use money but can be valued in monetary terms.
In the given case, Large co were trading their product for the product of other company. Both the products have their own market value.
Hence from the above we can conclude that they were engaged in counter trade.
Answer:
Work out a plan with its financial intermediaries.
Explanation:
As mentioned in the question that Nguyen's Sporting Goods is having difficulty obtaining the credit, it needs to expand. The company should <u>work out a plan with its financial intermediaries</u>, in order to alleviate its financial situation. Because as we all know that a financial intermediary is a financial institution as well. So the company has to create a plan with there financial institution.
