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Gre4nikov [31]
3 years ago
10

Overland Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2020, Overland Corporation took

part in the following selected transactions.
1. Issued 55,000 shares of stock at $76 per share, less costs related to the issuance of the stock totaling $27,000.
2. Issued 10,000 shares of stock for land appraised at $815,000. The stock was actively traded on a national stock exchange at approximately $78 per share on the date of issuance.
3. Purchased 6,000 shares of treasury stock at $74 per share. The treasury shares purchased were issued in 2009 at $46 per share.
Required:
(a) Prepare the journal entry to record item 1.(b) Prepare the journal entry to record item 2.(c) Prepare the journal entry to record item 3 using the cost method.
Business
1 answer:
suter [353]3 years ago
8 0

Answer:

See attached file

Explanation:

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Careers with adverse working conditions often demand higher wages. Adverse working conditions might include
Zepler [3.9K]

Answer:

uncomfortable environment

Explanation:

Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.

Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge.  Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.

4 0
3 years ago
5. Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle. a. Vi
Simora [160]

Answer:

b, c and a

Explanation:

Ability to pay principle refers to an economic principle that states that the amount of tax an individual pays should be <u>dependent on the level of burden the tax will create relative to the wealth</u> of the individual.

Based on the above definition, the first category will be:

1. Local property taxes support elementary and secondary schools. <em>This tax will definitely generate the biggest tax burden of the 3 cases in the scenario.</em>

2. An airport trust fund collects a tax on each plane ticket sold and uses the money to improve airports and the air traffic control system. <em>Obviously this tax will be of a higher burden than paying national park entrance fees but will not be as heavy as local property taxes</em>

3. Visitors to many national parks pay an entrance fee. <em>Park entrance fees will be of the lightest burden of the three cases in the scenario.</em>

<em />

7 0
3 years ago
At the Blue Restaurants Corporation, an employee survey reports that efforts to increase worker satisfaction by redesigning jobs
DiKsa [7]

Answer:

lower costs, leading to higher profits

Explanation:

Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.

When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.

These in turn lead to lower costs and higher profit.

Staff turnover is costly on the business as new hires have to be trained on the job to be effective.

7 0
3 years ago
Assume that Division Blue has achieved a yearly income from operations of $166,000 using $976,000 of invested assets. If managem
bija089 [108]

Answer:

d.$87,920

Explanation:

Residual Income = Net Income - Cost of Investment

therefore

Residual Income = $166,000 - ($976,000 x 8%)

                            = $87,920

8 0
2 years ago
One advantage large companies enjoy is their ability to employ ________, who assist top management in the evaluation of ________
vovikov84 [41]
<span>One advantage large companies enjoy is their ability to employ <u>internal auditors,</u><u /> who assist top management in the evaluation of <u>control systems.
</u>
<u />These internal auditors can evaluate what is going on within the company and help them solve most, if not all of their problems. They are a valuable asset to any company that wants to thrive and become better and better all the time. <u>
</u>
</span>
8 0
3 years ago
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