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viktelen [127]
3 years ago
11

When a corporation purchases treasury stock, the acquisition:

Business
1 answer:
goldenfox [79]3 years ago
8 0

Answer:

A. decreases the company’s total assets and total stockholders' equity.

Explanation:

The journal​ entry will be: Treasury stock (Debit - Increased) 6,000 and Cash (Credit - Decreased) 6,000.

Treasury stock is a contra equity account that increases, decreasing Equity and Cash or another payment medium are assets that decrease, balancing the Accountable equation.

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Use the following Year 3 data: Other Selling and Administrative Expenses $ 1,052,000 Other Expenses 249,300 Sales Revenue 4,887,
Talja [164]

Answer:

$222,450

Explanation:

Computation of annual income statement for Kvass Inc. is shown below

Sales revenue

$4,887,000

Less:

Selling and admn expenses

($1,052,000)

Other expenses

($249,300)

Advertising and promotion expenses

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Salaries and wages expenses

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Income tax expenses

($167,350)

Interest expense

($114,750)

Net income

$222,450

8 0
3 years ago
A company's total marketing communications mix consists of a special blend of advertising, sales promotion, public relations, pe
marusya05 [52]

Answer:

A. the promotion mix

Explanation:

3 0
2 years ago
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an
Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
2 years ago
5) "Once a business develops a solid information system to meet its needs, that system will serve the business for at least 25 y
uysha [10]

Answer:

This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.

8 0
2 years ago
Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b
Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

  • The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
  • This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.

Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0
3 years ago
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