Answer:
The journal entries alongwith its explanation are as under:
Explanation:
Journal entry at Jan 3, to record purchase of treasury stock would include the recording of treasury stock at the price paid to the shareholders for purchase of the stock, the journal entry is as under:
Dr Treasury Stock (1800 share*$8 per share) $14,400
Cr Cash $14,400
Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:
Dr Cash (1200*9) $10,800
Cr Treasury stock (1200*8) $9,600
Cr Paid in capital from sale of treasury stock $1,200
Answer: See attachment
Explanation:
a. What is Poplock’s year 1 depreciation expense for each asset?
See attachment. Note that the depreciation for the assets were calculated as the original basis × the rate. e.g for Computer equipment, the Depreciation was, the original basis of $5000 × the rate of 20% which equals $1,000.
b. What is Poplock’s year 2 depreciation expense for each asset?
Check attachment.
Depreciation for computer = $1600
Depreciation for day grooming furniture = $1714
Depreciation for popup truck = $3200
Depreciation for commercial building = $6923
Answer: $3.31
Explanation:
Dividends will increase by 2% so using a future value formula would show the amount of dividends in year 5.
= 3 * ( 1 + 2%)⁵
= 3 * 1.1040808032
= 3.3122424096
= $3.31
The proposal was incidental to a plan to require gold certificate reserves be kept behind Federal Reserve notes. No.
The number of possibilities that are there for the ordered pair is 2.
<h3>Calculation and Parameters
</h3>
Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.
Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.
Making an equation:
ab= 2((a-2)(b-2))
ab= 2ab-4a-4b+8
ab-4a-4b+8=0
If we apply Simon's Favorite Factoring Trick,
ab-4a-4b+16= 8
(a-4)(b-4)= 8
Since b > a, then we have the possibilities
(a-4) = 1 and (b-4) = 8, or (a-4) = 2 and (b-4) = 4.
(5, 12) or (6,8) which gives us 2 possibilities.
Read more about possibilities here:
brainly.com/question/25870256
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