Answer:C. Purchasing treasury stock
Explanation:Treasury stocks are stocks that were repurchased by the issuing company,this repurchased quantity is always guided by the laws existing in the country. This repurchased stock reduces the amount of the outstanding stock of the company available for sale. Treasury stocks are always repurchased at a higher price,hence increasing the stock owner's earnings per share.
Yeah bro I got to have like three dollars and then the seven dollars tickets will pay for the adults so it’s five dollars
Answer:
D. A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
Explanation:
A general journal -
It refers to a notebook , which helps to list all the transactions , any accounting information , in a regular manner , is referred to as a general journal .
The journal is used to get the information or data from the past for a specific date and time .
This enable to collect the data in a brief and precise manner .
Hence , from the given information of the question ,
The correct option is D.
Answer:
Debit Retained earnings $36,000; credit Income Summary $36,000
Explanation:
The income statement has its last line as the net income/loss for the period. The income summary account is closed into the retained earnings.
The expense in the income statement is closed by crediting the account and debiting the income summary. For revenue, the account is debited and the income summary is credited.
Hence where the income summary account has a debit balance of $36,000, the entries to close it will be Debit Retained earnings $36,000; credit Income Summary $36,000
Answer:
Net cash flows from financing activities is $24,000
Explanation:
Cash flow from financing activities:
Proceeds from stock issue $20,000
Dividends ($5,000)
Sale of treasury stock $9,000
net cash flow from financing activities $24,000
The issue of long-term note payable of $35,000 does not involve an actual movement of cash,hence has zero impact on the cash flow from financing activities.
The dividends payment has negative sign because it is an outflow of cash unlike others that cash inflows.
