Answer:
treasury
Explanation:
Treasury shares are shares that have been issued and later repurchased by the company. They decrease the total number of shares outstanding .
Treasury shares are not used to calculate earnings per share
treasury shares do not have voting rights
Treasury stock is a contra equity account recorded in the shareholder's equity
Answer:
sales budget for January and February are given below
Explanation:
given data
luggage sets = 1700
sell = $180 each
luggage sets = 2050
sell = $180
to find out
sales budget for January and February
solution
Sales Budget
January February
Budgeted luggage sets to be sold 1,700 2,050
Sales price per unit 180 180
total sales 306000 369000
here sale is sold Budgeted luggage × Sales price
Answer: B. . The business address can be used for Customer Identification purposes and the account can be opened
Explanation:
From the question, we are told that a new customer wants to open an account at a firm and that when he was asked for his street address, he said that he will be moving soon to a different apartment complex and wants to use his business address.
Since the customer will be moving to a new apartment and therefore may not yet know his street address, the customer can use his business address for identification purpose. Therefore, the customer can open the account.
Answer:
Dividend $82,500 (debit)
Cash $82,500 (credit)
Explanation:
Dividends are distributed to the shares outstanding at declaration date instead of authorized shares.
Dividend = 110,000 shares outstanding × $1× 0.75
= $82,500
Note : Value used is based on the par value of shares
Dividend $82,500 (debit)
Cash $82,500 (credit)
Answer:
Increase of 2,780
Explanation:
The question is incomplete the balance sheet ofthe firm is attached.
To calculate the cash from operating income we need to determinate from the net income:
adjustment for non-monetary concetps (like depreication and gain at disposal)
the increases and decreases in the working capital account:
In this case Account Receivables decrease from 32,180 to 29,400
In total this decrease of 2,780 represent that the firm collected 2,780 more cash thus It will mean an increase of cash.