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alekssr [168]
2 years ago
12

Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2020, and sold 9100 of these sh

ares at $28 per share on August 9, 2021. The fair value of Swifty's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Swifty credit in 2021 to record the sale of 9100 shares
Business
1 answer:
dybincka [34]2 years ago
7 0

Answer:

the journal entry to record the purchase of treasury stocks

February 5, 2020

Dr Treasury stocks 382,200

    Cr Cash 382,200

the journal entry to record the sale of 9,100 stocks

August 9, 2021

Dr Cash 254,800

    Cr Treasury stock 191,100

    Cr Additional paid in capital 63,700

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Answer:

D. Improved lifestyles, including reductions in the use of tobacco, alcohol, and drugs.

Explanation:

It is in the hands of a person to manage his health Therefore, If he/she improves the lifestyle and eats healthy and exercises daily. One can improve his/her health drastically.

7 0
3 years ago
Your employer has asked you to start working overtime and has offered to pay $18 per hour for every hour you work beyond forty h
Aloiza [94]

Answer:

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3 years ago
A company's liquidity refers to its: ability to collect accounts receivable. ability to sell inventory efficiently. ability to g
algol13
A company's liquidity refers to its <span>ability to pay currently maturing debts.

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6 0
3 years ago
Ryan estimates that he drove approximately 2,260 miles on business trips, but he can only provide written documentation of the b
tester [92]

Answer: $1,355.41

Explanation:

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As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:

= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)

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3 0
3 years ago
Sroufe Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
Vaselesa [24]

Answer:

A) Proposal A= 6875 units

B) Proposal B= 6818 units

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Giving the following information:

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Proposal B:

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A) Proposal A= 55000/(22-14)= 6875 units

B) Proposal B= 75000/(22-11)= 6818 units

3 0
2 years ago
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