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
insens350 [35]
2 years ago
12

A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar

e. By how much would net income be affected by the sale of this treasury stock?
Business
1 answer:
lys-0071 [83]2 years ago
5 0

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

You might be interested in
Fran wants to hire a diverse group of capable people to work at her brand new fitness studios. Unfortunately, many of the applic
Strike441 [17]

Answer:

use a combination of tests measuring both cognitive abilities and non-cognitive traits such as emotional intelligence and personality

Explanation:

In the given scenario many of the applicants Fran perceives as having good emotional intelligence and agreeable personalities (a plus for a fitness studio), do not score well on the cognitive ability test.

Since she wants people that have non-cognitive traits such as emotional intelligence and personality, and also good cognitive abilities.

She will need to use a combination of tests measuring both cognitive abilities and non-cognitive.

8 0
3 years ago
What does it mean that stocks and bonds are relatively liquid? a. They are easier to buy and sell than other forms of investment
Ksenya-84 [330]

Answer:

The answer is A.

Explanation:

They are easier to buy and sell than other forms of investment. When they say an asset is liquid, it means it can easily be turned or converted to cash. Liquid stocks and bonds are easier to sell and buy because they will be see a buyer and seller to pay in exchange for cash.

Illiquid means they are difficult to sell and buy or they are difficult to be converted to cash

8 0
3 years ago
Read 2 more answers
A company had an unadjusted Cost of Goods Sold of $1,690,000. The company closes its underapplied or overapplied overhead to Cos
lakkis [162]

Answer:

"$1,673,750" is the appropriate answer.

Explanation:

The given values in the question are:

Applied overhead,

= $666,250

Actual overhead,

= $650,000

Unadjusted cost,

= $1,690,000

Now,

The overapplied overhead will be:

= Applied \ overhead-Actual \ overhead

= 666,250-650,000

= 16,250 ($)

hence,

The goods sold's adjusted cost will be:

= Unadjusted \ cost-Overapplied \ overhead

= 1,690,000-16,250

= 1,673,750 ($)

8 0
2 years ago
Everything else equal, if the United States runs a large foreign trade deficit, the financing of the deficit will: a. increase g
sladkih [1.3K]

Answer: decrease tax revenue

Explanation:

A trade deficit occurs when the import of a country's is more than the export of the country for a given period of time period. The main cause is when there's an imbalance between the savings of a country and the investment rates.

In this case, financing the deficit will lead to the reduction in the tax revenue. When part of the tax revenue gotten from economic agents are used in the finance of the deficit, there'll be a reduction in the tax revenue.

6 0
2 years ago
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?
vfiekz [6]
I'm pretty sure it B I'm not sure though... hope this helps
8 0
3 years ago
Read 2 more answers
Other questions:
  • At the end of the year, assume the balance of Inventory is $109,225 and physical inventory on hand is $106,320. The adjusting jo
    5·1 answer
  • Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t
    12·1 answer
  • ____ components for eating disorders account for 40 to 60 percent of risk for anorexia
    9·1 answer
  • Demand-pull inflation is caused by: An increase in aggregate supply. An increase in resource costs as an economy's production ca
    8·1 answer
  • Should stockholder wealth maximization be thought of as a long-term or a short-term goal? For example, if one action increases a
    8·1 answer
  • An indifference curve shows all 1. possible equilibrium positions on an indifference map. 2. equilibrium combinations of two pro
    10·1 answer
  • On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor busin
    8·1 answer
  • An audit of historical financial statements most commonly includes the Group of answer choices income statement, the statement o
    13·1 answer
  • For each activity, select the impact on the accounting equation. After doing all transactions, ensure that the accounting equati
    14·1 answer
  • Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.1 million ca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!