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marin [14]
3 years ago
5

Groundcover, Inc. had never had a treasury stock transaction prior to 2016. It experienced the following treasury stock transact

ions during 2016: 4/1/2016:Reacquired 1,000 shares of its own $5 par common stock, originally sold at $12 a share, for $10 a share. This was the first time that Groundcover had reacquired its own stock. 4/8/2016:Reissued 400 shares at $8 a share. 5/2/2016:Reissued 500 shares at $13 a share. 5/10/2016:Retired the remaining 100 shares. Assume the cost method is used. Refer to Exhibit 15-9. The entry to record the reissuance of 400 shares on 4/8/2016 would include a
Business
1 answer:
stepladder [879]3 years ago
3 0

Answer:

Groundcover, Inc.

Journal Entry to record the reissuance of 400 shares on April 8, 2016 would include (using the cost method):

Apr. 8 Debit Cash $3,200

Credit Treasury Stock $3,200

To record the reissuance of 400 shares at $8 a share.

Explanation:

a) Data and Analysis:

Apr. 1 Treasury Stock $10,000 Cash $10,000

Apr. 8 Cash $3,200 Treasury Stock $3,200

May 2 Cash $6,500 Treasury Stock $6,500

b) There are two methods for recording Treasury Stock transactions.  One is the cost method.  This method ignores the par value and the difference between the par value and the cost.  It uses the cost to record the repurchase and resale of treasury shares.  The second method is the par value method.  This method differentiates the par value and cost for both repurchase and resale of treasury stock shares.  The differences are recorded in the Additional Paid-in Capital account so that only the par values are recorded in the Treasury account.

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Karolina [17]

The focus of a commercial vs. a Psa is given below

Explanation:

1.A commercial is an advertisement that airs for a specific amount of time and is paid for by a company. It is that company's intention to invest in the ad to entice people to buy. Public Service Announcements or PSA's on the other hand, are run on TV for free.

2.A Public Service Announcement (PSA) is a free “commercial” for a non-profit organization. It is aired voluntary by individual radio and/or TV stations. But To The Audience..... To the audience, a PSA is just another commercial.

3.A public service announcement (PSA) is a short, community-oriented message that radio stations air at no cost in order to fulfill their obligation to serve the public interest. ... Radio stations receive PSAs as audio files – typically recorded as :30 or :60-second messages.

4 0
3 years ago
If a store runs a sale on a product to clear out its stock, we can conclude that:____.
mina [271]

If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the<u> </u>store.

When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.

Product surplus is the region that is above the supply level and below the equilibrium price.

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7 0
2 years ago
A production department's output for the most recent month consisted of 12,500 units completed and transferred to the next stage
umka21 [38]

Answer:

20,625 units

Explanation:

Calculation for the equivalent units of production

Using this formula

Equivalent units of production=Units completed+Ending work in process inventory

Let plug in the formula

Equivalent units of production=12,500+(12,500×65%)

Equivalent units of production=12,500+8,125

Equivalent units of production=20,625 units

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Therefore the equivalent units of production for the month is 20,625 units.

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Until now, only injectable vaccines against influenza have been available. Parents are reluctant to subject children to the pain
Jobisdone [24]

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The only assumption that strengthens this conclusion is that children do not pass influenza to adults.

  • If this is true, plus the fact that children rarely get influenza, then why would anyone need an influenza vaccine for children.
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What two key values are identified for each performance parameter in the capability development?
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Various authors highlight different factors as predictors of ability to influence skill development, including B. In-house knowledge, experience, organizational learning, routine and non-routine actions (eg, semi-continuous asset orchestration or routine redesign).

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4 0
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