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n200080 [17]
3 years ago
12

7200 shares of treasury stock of Coronado, Inc., previously acquired at $13 per share, are sold at $19 per share. The entry to r

ecord this transaction will include a debit to Treasury Stock for $93600. credit to Paid-In Capital from Treasury Stock for $43200. credit to Treasury Stock for $136800. debit to Paid-In Capital from Treasury Stock for $43200.
Business
1 answer:
GalinKa [24]3 years ago
3 0

Answer:

Credit to Paid-In Capital from Treasury Stock for $43,200

Explanation:

Based on the information given The entry to record this transaction will include a Credit to Paid-In Capital from Treasury Stock for $43,200 calculated using this formula

Credit to paid-in capital treasury stock=[Number of treasury shares sold × (Selling price of treasury stock - Cost of treasury stock) ]

Let plug in the formula

Credit to paid-in capital treasury stock=[7,200*($19 per share-$13 per share)]

Credit to paid-in capital treasury stock=7,200*$6

Credit to paid-in capital treasury stock=$43,200

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A hiring authority is not utilizing contractors or temporary workers. What is the most likely explanation?
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If a hiring authority feels that full time hires are better at their jobs and more productive, they will hire more of them.

This would lead to temporary workers and contractors being used for projects less.

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2 years ago
What are three thing an entrepreneur invest in his or her business
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3 years ago
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5. Describe a product you know of that has elastic demand. Why is the demand for this
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A good or service is said to be highly elastic if there is a a slight change in price this will cause a  sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket.

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3 years ago
Suppose the Board of Directors of The Staten Island Suppliers Co. announces on October 4th that the regular quarterly dividend o
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Answer:

a. October 4th

b. November 15th 2019

c. November 14th 2019.

d. December 13th, 2019 (Note: This is assumed based on the explanation below as it is not specifically stated in the question).

Explanation:

a. What date is the declaration date?

The declaration date is the date the announcement to pay the next dividend is made by the board of directors of a company. In this case, the declaration date is October 4th, 2019.

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The holder of record date refers to the cut-off date set by a company to ascertain the eligible shareholders that will receive the next dividend payment. In this case, the holder of record date is November 15th 2019.

c. What date is the ex-dividend date?

The ex-dividend date refers to date that a seller of stock is still eligible to receive dividend despite that the stock has already been sold to a by him. This is because it is the person that hold the security on the ex dividend date that will receive the dividend payment not the holder on the payment date. Generally, ex-dividend date is usually one business day before the record date. In this case,he ex-dividend date is November 14th 2019.

d. What date is the payment date?

The payment date refers to the actual day that eligible shareholders are paid the declared dividend by the company. It is usually a few weeks or month after the ex-dividend date. If we assumed to be a month, the payment date would be December 13th, 2019.

6 0
3 years ago
The debt created by a business when it borrows from a vendor or supplier is called a(n):
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Answer: Account payable

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The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.  

According to the given question, the debt basically created by the business during the process of borrows  from the supplier or the vendors is known as the account payable.  

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3 years ago
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