The worth of the shares when the stockholder originally purchased them is $1105.
<h3>What are shares?</h3>
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:
127 = $1,403
∴ 100 = $1,403/127 × 100
= $1104.72
Therefore, $1104.72 is the original purchase price of the share.
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There are lots of government practices. Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of protectionism.
<h3>What is protectionism?</h3>
Protectionism is known to be a type of policy that is often applied in protecting domestic industries against any kind of foreign competition through the use of tariffs, subsidies, import quotas, etc.
A common example of protectionism is simply the Common Agricultural Policy (CAP) of the European Union. The European Union is said to often imposes an amount of tariff rates on a lot of agricultural markets.
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Answer:
The balance in the Treasury Stock account reduces total Stockholders' Equity
Explanation:
Treasury stock also known as reacquiring stock refers to outstanding shares which were previously owned by a company which is then bought back by shareholders of that company. Treasury stock do not have much value but provide means of raising the price of share which in turn provides profits for investors.
Treasury stock is normally recorded in the shareholders equity section of the balance sheet representing the number of repurchased shares from the open market, thereby reducing shareholder's equity by the amount paid for the stock
Answer:
Journal.
Explanation:
Businesses record their daily financial transactions in a journal, also known as the businessperson's diary.
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.
