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
Reika [66]
3 years ago
12

Five thousand shares of treasury stock of Marker, Inc., previously acquired at $14 per share, are sold at $20 per share. The ent

ry to record this transaction will include a:_________ a) debit to Treasury Stock for $70,000 b) debit to Paid-in Capital from Treasury Stock for $30,000 c) credit to Treasury Stock for $100,000 d) credit to Paid-in Capital from Treasury Stock for $30,000
Business
1 answer:
Artist 52 [7]3 years ago
6 0

Answer:

d) credit to Paid-in Capital from Treasury Stock for $30,000

Explanation:

The entry for profit in sale of treasury stock is as computed below

Account Details                               Debit      Credit

Cash (5000*20)                              $100,000

     To treasury stock (5000*14)                      $70,000

     To Additional paid in capital (5000*6)      $30,000

You might be interested in
Stanford Rosenberg Computing wants to establish an assembly line for producing a new product, the Personal Digital Assistant (PD
3241004551 [841]

Answer:

Explanation:

a. cycle time = Total time available/ production rate required

cycle time = (60*60)/180 = 3600/180 = 20sec per unit

b. theoretical minimum for the number of work-stations that Rosenberg can achieve in this assembly line.

Total task time = 12+15+8+5+20 = 60

theoretical minimum for the number of work-stations = Total task time/cycle time

theoretical minimum for the number of work-stations = 60/20 = 3stations

c. idle time

standard hour for the job is calculated as

standard hours allowed for actual production = unit produced * labor time required

The question does not contain the required information to solve it. Information such standard hours is not given.

8 0
3 years ago
Under the Uniform Securities Act, all of the following must be disclosed in an investment advisory contract EXCEPT A) other stat
Sergeu [11.5K]

Answer: A) other states in which the adviser is registered

Explanation:

The Uniform Securities Act was put in place in order to deal with fraud involving securities at state level and to also help the Securities and Exchange Commission in the regulation and enforcement.

Based on the options provided in the question, under the Uniform Securities Act, all of the following must be disclosed in an investment advisory contract except other states in which the adviser is registered.

6 0
3 years ago
Gamble Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare t
frozen [14]

Answer:

$5,120

Explanation:

Workers are paid $12,800 per week (five days), since December 31 fell on a Tuesday, accrued wages payable will be equal to the wages proportional to two days:

= ($12,800 per week / 5 days per week) x 2 days = $2,560 per days x 2 days = $5,120

The appropriate journal entry should be:

December 31st, wages payable:

Dr Wages expense 5,120

    Cr Accrued wages payable 5,120

4 0
3 years ago
At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3
otez555 [7]

Answer: $2,700

Explanation:

The balance in Supplies account at the end of February can be calculated using the formula:

= Beginning balance + Supplies purchased in the month - Supplies used in the month

= 3,780 + 3,240 - 4,320

= $2,700

4 0
2 years ago
When a bank evaluates a person for a loan, what does the word "capacity" refer to? Question options: A) The ability to make paym
bija089 [108]
I believe the correct answer would be A) The ability to make payments on time.
4 0
3 years ago
Other questions:
  • Stonybrook Organics—famous for its organic yogurt—came out with an advertisement that showed an idyllic setting of a cow resting
    11·1 answer
  • If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
    6·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • Jade International is a highly diversified global firm with headquarters in New Jersey. It manufactures a variety of products ra
    15·1 answer
  • The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a const
    5·1 answer
  • What is monetary policy involves decreasing the money supply.
    9·1 answer
  • Q 11.41: Jackson Essentials wants to pay a cash dividend to its stockholders. It has a balance of $3,847,318 in its Retained Ear
    7·1 answer
  • The ultimate goal of contract damages is: Multiple Choice Put the nonbreaching party where it was before the contract was formed
    13·1 answer
  • What is the residual income(loss) if a company has sales of $205,000, cost of goods sold of $115,000, operating expenses of $40,
    7·1 answer
  • As a unit of measure, money makes it easier for consumers to do what? a. compare prices of different products. b. make a bigger
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!