1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
3 years ago
14

Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares

for $400,000. In 2018, 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated December 31, 2018, Coy, Inc.'s treasury stock account shows a balance of:
Business
1 answer:
Ivan3 years ago
6 0

Answer: $240,000

Explanation:

400,000÷20,000 = $20 per share (repurchase price)

160,000 ÷ 10,000 = $16 per share (sales price)

$400,000 - $160,000 = $240,000

The treasury stock account is created upon the repurchase of a company's own stock. The treasury stock account is debited for cost of repurchase and then credited.back when the stocks are resold. However, after repurchasing 20,000 stock for 400,000 and selling hlaf the repurchased stock (10,000) for $160,000, then the repurchase price is greater than the sales price. There will be no paid in capital, with the entire amount credited to treasury stock.

You might be interested in
Cáchs tính giá nhập kho trong nguyên lí kê stoans
netineya [11]

Answer:  truy cập vào link sau

-https://youtu.be/rvei2IHOju0

-https://webketoan.com/threads/1534258-tinh-don-gia-nhap-kho/

Explanation:

8 0
3 years ago
Marginal cost is ________ the average variable cost and the average total cost when they are ________
fredd [130]

Answer: equal to; at their minimum.

Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.

Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.

Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

8 0
3 years ago
Nathan Long is entering into a partnership with Terri. Nathan is investing $2,000 in cash and equipment currently on Nathan’s bo
horsena [70]
The answer is

D. Debit Cash $2,000; debit Equipment $4,000; credit Nathan’s Capital $6,000
8 0
3 years ago
All of the following are the goals of a self-organizing team, EXCEPT 1. Increase knowledge on a continuous basis. 2. Strive to d
Wewaii [24]

Answer:

The correct answer is 3

Explanation:

Self-organizing team is the team which takes the responsibility to manage or handle their own tasks or work and do not rely on the manager to guide them. The team opt or select on how to best achieve the work or task instead of being directed by the managers who are outside the team.

The goals of the self-organizing team are upgrade or increase the knowledge as well as the skills on a continuous or regular basis, create as well manage the tasks independently, deliver tangible results within the time frame and understand the project vision.

3 0
3 years ago
In a capitalist system, prices are controlled by A. the law of supply and demand. B. the Federal Reserve Board. C. the consumer
GrogVix [38]
A) the law of supply


i am in a business class about to go to college to major in business :)
3 0
2 years ago
Other questions:
  • Put autoimmune in a sentence
    12·1 answer
  • Derick started a manufacturing firm of his own quite recently. His country’s government provides grants and implements policies
    12·1 answer
  • How is using a coffee cup calorimeter an effective way to determine enthalpy?
    11·1 answer
  • Assume that new technology develops a substitute for DVDs. How will the price elasticity of demand for DVDs be impacted?
    11·1 answer
  • In her role as a grocery store general manager, Shara is able to make changes that affect customers, store employees, and indivi
    5·1 answer
  • The short-run effects of an increase in the expected price level include a. a lower level of output and a lower price level. b.
    14·1 answer
  • Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
    5·1 answer
  • Bertha purchased 10 shares of BestSnack, Inc. stock for $200 per share; in one year, she sold the 10 shares for $220 a share. Ov
    10·1 answer
  • Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e
    15·1 answer
  • When the interest rate increases, the opportunity cost of holding money Group of answer choices increases, so the quantity of mo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!