Answer:
The credit on December 31 is to credit Treasury Stock with $15,000.
Explanation:
There are two methods for accounting for Treasury Stock. The first is the par value method. With this method, the Treasury Stock account is debited or credited with the par value for each transaction, while the difference in par value is taken to the Additional Paid-in Capital account.
Using the cost method, the Treasury Stock account is debited and credited with the value of each transaction and the Additional Paid-in Capital account is not affected.
This implies that under the cost method, the purchase and resale of treasury stock is recorded by debiting and crediting the treasury stock account by the actual cost of purchase and actual value of sale.
The cost of running the restaurant is $250000 per year
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
Answer:
c. appreciate
Explanation:
If the Federal Reserve reduces the interest rate of the US dollar this will lead to lower cost of funds, more people will borrow money and this increases money supplied to the economy.
Excess money will pursue less goods leading to inflation where the purchasing power of the US dollar will reduce.
All things being equal the value of the euro will appreciate against the US dollar if interest rate is decreased.
As the euro strengths against the US dollar, one will need less euros to purchase the weakened dollar.
Answer:
he is not
Explanation:
This is being justified by the corruption that is happening in the SAA without his consultation
