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s2008m [1.1K]
3 years ago
7

The corporate charter of Llama Co. authorized the issuance of 10 million, $1 par common shares. During 2016, its first year of o

perations, Llama had the following transactions:January 1 sold 8 million shares at $15 per shareJune 3 purchased 2 million shares of treasury stock at $18 per shareDecember 28 sold the 2 million shares of treasury stock at $20 per shareWhat amount should Llama report as additional paid-in capital in its December 31, 2016, balance sheet?$122 million$116 million$112 million$74 million
Business
1 answer:
kotegsom [21]3 years ago
3 0

Answer:

$116 million

Explanation:

January 1                  8,000,000*(15-1)     =$112,000,000

December 28  Treasury stock sold    2,000,000*(20-18)=$4,000,000

Paid in Capital At December 31,2016                           $116,000,000

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Answer:

(B) A contract was formed on April 6.

Explanation:

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So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon

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2 years ago
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c
vova2212 [387]

Answer:

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In the attached picture, Your will see average costs calculated and the inventory values for March 5, 9, 25, and 29.

4 0
3 years ago
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Answer:

A

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The way in which boundaries are managed can affect organisational function. For effective functioning, it is important to set up boundaries to create levels of distinctions and integration.

It is The boundary manager determines how a team can work with others that are interested in how the team performs and they persuade too management to support the teams work.

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