Repurchased Shares are called the treasury share, The treasury shares account is contra equity account, which is adjusted in the equity value. After repurchase the company has less outstanding shares than before.

As per given data

Total Asset = $300 million

Number of shares = 10 million

Per share value = $300 million / 10 million = $30 per share

After Repurchase

Total Asset = $300 million - $30 / 10 million - ($30 million / $30)

Total Asset = $270 / 10 million - 1 = $270 million / 9 million = $30 per share

4 0

3 years ago

During August of 2011 Nickle Publishing received $24,000 for 1-year subscriptions to a new magazine. Magazines are mailed to sub

jok3333 [9.3K]

Answer:

Debit Unearned/Deferred revenue $8,000

Credit Sales revenue (p/l) $8,000

Being entries to recognized earned revenue for the period

Explanation:

August of 2011, 1 year subscription of $24,000

Revenue earned per month = $24,000/12 = $2,000

Revenue earned (between September and December) = $2,000 × 4

= $8,000

To recognize this, adjusting entries required on Dec. 31, 2011

Debit Unearned/Deferred revenue $8,000

Credit Sales revenue (p/l) $8,000

Being entries to recognized earned revenue for the period

7 0

4 years ago

Today, _______________ dominate their supply chains.

N76 [4]

They is probably the words you are looking for. and by they i mean the large retailers

5 0

4 years ago

What is the purpose of the sherman antitrust act

tamaranim1 [39]

To destory monopolies that were using their power to harm society.

7 0

4 years ago

Read 2 more answers