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Misha Larkins [42]
4 years ago
12

A corporation purchases 10,000 shares of its own $10 par common stock for $35 per share, recording it at cost. What will be the

effect on total stockholders' equity?
a. increase, $100,000
b. increase, $350,000
c. decrease, $100,000
d. decrease, $350,000
Business
1 answer:
gregori [183]4 years ago
3 0

Answer:

Decrease, $350000.

Explanation:

Given: Corporation purchases 10000 shares for $35 per share.

Now, calculating cost of common stock.

Cost of common stock purchased = 10000\times 35= \$ 350000

∴ Cost of common stock purchased= $350000

∴ If there is increase in expense and dividend payout to common and preferred shareholder, it lead to decrease in stockholders´ equity.

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The type of venue that small-business retailers favor is C.SPECIALTY SHOP.

Being in a specialty shop, your products will be prominently displayed and competition is minimal <span>compared to other given venues.

Customers, looking for specific items that you can offer, usually  prefer going directly to the shops instead of wasting time looking around those bigger venues searching for items they need. </span>
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3 years ago
Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $3,000 in the bank and leave it there: (Do not ro
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Answer:

Interest= $90

Explanation:

Giving the following information:

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<u>First, we need to calculate the future value, using the following formula:</u>

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3 years ago
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receip
sineoko [7]

A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold goes the tenant have holdover tenancy

A holdover tenant is a tenant who continues to occupy a rental after the lease has ended. The holdover tenant can continue to occupy the property legally if the landlord accepts rent payments; the length of the holdover renter's new rental term is determined by state legislation and court decisions. The tenant is seen to be trespassing if the landlord refuses to accept any additional rent payments, and if they do not leave right away, an eviction may be required.

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  • In a murky space between a full rental agreement and trespassing, holdover tenancy exists. All parties are better protected by even a one-sentence agreement, thus it should be taken into consideration.
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6 0
1 year ago
Karen Austin Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal year.(a) $10 million, 10-
icang [17]

Answer:

Explanation:

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Yield rate on 10% mortgage bonds=12%

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The ​short-run effect of consumers becoming more pessimistic will be for the
Bogdan [553]

Answer:

The correct answer is option A.

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