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Elis [28]
3 years ago
7

Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 sha

res at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

Credit, $200

Explanation:

The journal entry would be:

Date    Account                 Debit     Credit

            Cash                       $200

            (10 shares*$20)

                   Treasury stock              $200

            (To record the sale of treasury stock)

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In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.
FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

3 0
3 years ago
Accumulated depreciation shows a beginning balance of $9,300 and an ending balance of $10,700. How much depreciation expense was
faust18 [17]

Answer:

$1400

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Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400

Depreciation expense = $1400

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A. The purchased taxi cabs.
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What is polycentricity?
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