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hichkok12 [17]
3 years ago
13

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a

corporation and its owners to be profit-making activities.
Business
1 answer:
Likurg_2 [28]3 years ago
6 0

Answer:

The statement is:  True.

Explanation:

When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (<em>GAAP</em>), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.

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Dylan has a standard set of questions he asks all applicants during an interview. What type of interview does dylan conduct
Juli2301 [7.4K]

Answer:

it is well planed

Explanation:

if not planed  ,not much people will join that job

6 0
2 years ago
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
poizon [28]

Answer:

Overhead= $3,212

Explanation:

Giving the following information:

Sigma Corporation applies overhead costs to jobs based on direct labor cost.

Job W, which is still in process at year-end, shows charges of $2,700 for direct materials and $4,400 for direct labor.

Job V:

$6,300 for direct materials.

$8,500 for direct labor.

$6,205 for overhead on its job cost sheet.

First, we need to calculate the overhead rate.

Overhead rate= 6205/8500= $0.73 per direct labor dollar

Job W:

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3 0
3 years ago
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financi
Arte-miy333 [17]

Answer:

Explanation: Subtract from net income to arrive at net cash flows from operating activities.

3 0
3 years ago
An employee starts the execution of an OLAP application that uses a lot of computational resources while executing.​ Normally, t
denpristay [2]

Answer:

(D) denial of service

Explanation:

Denial of service -

It is a type of cyber - attack where offender tries to make the source of network or the machine unavailable for the user via disturbing the service of the of the internet .

The task of denial of service is done by flooding the machine or the source with many requests in a way to overload the system .

Hence , from the question , the example shown in the question is about denial of service .

8 0
3 years ago
Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.42 per pers
Alik [6]

Answer:

(a) $3.48 per unit

(b) 64.2%

Explanation:

(a) Anthony’s contribution margin per unit:

= Selling price per unit - Variable cost per unit

= $5.42 - $1.94

= $3.48 per unit

Therefore, the Anthony’s contribution margin per unit is $3.48 per unit.

(b) Anthony's contribution margin ratio:

= (Contribution Margin Per unit ÷ Selling Price per unit) × 100

= ($3.48 per unit ÷ $5.42 per unit) × 100

= 0.6420 × 100

= 64.20%

Therefore, the Anthony's contribution margin ratio is 64.2%.

8 0
3 years ago
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