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kramer
3 years ago
8

Which of the following statements about Treasury Stock is correct? Multiple Choice The balance in the Treasury Stock account inc

reases paid-in capital. The balance in the Treasury Stock account reduces paid-in capital. The balance in the Treasury Stock account reduces total Stockholders' Equity. The balance in the Treasury Stock reduces Retained Earnings.
Business
1 answer:
DedPeter [7]3 years ago
8 0

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

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3 years ago
The following stockholders' equity accounts were taken from the balance sheet of LAH Corporation as of December 31, 2019 Common
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Answer:

1) 30,000 shares issued

2) Common stock average price: 12.1 dollars

   book value: $ 22.49

3)  135,000 dividends to common stockholders

Explanation:

1) preferred stock equity $ 3,000,000 / $ 100 par value = 30,000 shares issued

2)

common stock: 400,000 issued x $10 face value : 4,000,000

additional paid-in in excess of par value:                    840,000

                                                total paid-in                4,840,000

average common stock price: $ 4,840,000/400,000 shares = 12.1

on average common stock were issued at 12.1 dollars

common stock book value:

(common stock + retained earnings - preferred stock)/outstanding shares

(4,840,000 + 4,260,000 - 105,000)/ 400,000 = 22.4875

3) if 450,000 dividends are distributed:

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3 years ago
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C. increase in the interest rate

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Answer:

find ways to develop strong relationships with and engage the entire workforce.

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A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

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