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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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"Investment X offers to pay you $5,800 per year for 9 years, whereas Investment Y offers to pay you $8,600 per year for 5 years.
Butoxors [25]

Answer:

Present value of investment X = $41,225.37

Present value of investment Y = $37,233.50

Explanation:

The present value of the cash flows can be found by discounting the cash flows at the discount rate.

This can be found using a financial calculator

Cash flow each year from year 1 to 9 for investment X = $5,800 

Discount rate = 5%

Present value = $41,225.37

Cash flow each year from year one to year 5 for investment Y = $8,600 

Discount rate = 5%

Present value = $37,233.50

I hope my answer helps you

5 0
3 years ago
Combatant commanders take strategic level guidance and develop their theater strategies, campaigns, and major operations at the
Bingel [31]
<span>At the tactical level of war the combatant commanders prepare all national instruments of power for war or conflict coordination the application of all instruments of national power with the actions of force. Principles and guidance also apply when needed.</span>
8 0
3 years ago
Each of the following is a sign of an unhealthy friendship except
Anna [14]
Plz post a photo or answer choices of the problem
6 0
3 years ago
Groups of 18th century skilled artisans formed secret societies for two basic reasons. Which of the following is one of those re
Rainbow [258]

Answer:

1. To equalize their relationship with their employers.

Explanation:

This took place in the 18th century, stated to have happened about the late 70's as it was known that artisans slowly started becoming the new kings.

Their trades which ranges from cabinetmaking, baking, butchering, goldsmithing, silversmithing, carpentry, tailoring and also shoemaking.

These workforce were either wage earners, they start as craftsmen and grow to become great entrepreneurs and this got eyes on them causing them to form cults for themselves only to equalize their relationship with their employers.

6 0
3 years ago
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rusak2 [61]

Answer:

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3 years ago
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