Answer and Explanation:
(a)
Dr Land ($176 X $20,000) $3,520,000
Cr Treasury Stock ($153 X $20,000) $3,060,000
Cr Paid-in Capital from Treasury Stock $460,000
b)
Cost of treasury stock might be used although , this is not a relevant measure of this economic event but it is a measure of a prior, unrelated event. Therefore the appraised value of the land is a reasonable alternative if based on appropriate fair value estimation techniques. However, it is an appraisal as opposed to a market-determined price. The trading price of the stock is probably the best measure of fair value in this type of transaction.
All the above policies may be found in Pinpoint Diagnostic Laboratory's Code of Ethics Manual.
<h3>What is a Code of Ethics Manual?</h3>
This refers to a code of conduct spelled out in black and white which every member of an organization must abide by. It is created to ensure the highest levels of professionalism, integrity, and honesty.
It guides the interactions of the employees with:
- Other employees
- Clients and
- the Public
Please see the link below for more about the Code of Ethics Manual:
brainly.com/question/11471972
They are referred to as installment notes
Answer: B. enhances; drives down
Explanation:
Capital are the resources that are used by an organization which can bring about an increase in the production of such organization. Organizations undertake capital investment in order to enhance productivity and also increase revenue.
In such cases, this helps in driving down wages. This is because when an organization uses more of capital in its productive activities, less of labor is required which can help drive down wages.
