Answer: $70
Explanation:
First, we need to calculate the purchase price per share and this will be:
= Purchase amount / Number of shares bought
= $7000 / 140
= $50 per share
Therefore, the balance in the Paid-in Capital, Treasury Stock account on August 2 will be:
= [70 × ($52 - $50)] + [70 × ($49 - $50)]
= (70 × $2) + ($70 × $-1)
= $140 - $70
= $70
Interesting...............
Answer:
precautionary and speculative
Explanation:
Aggregating the transactional, precautionary and speculative demand for money,
we get the total demand for money. This is sometimes known as the liquidity preference curve, and is inversely related to the rate of interest.
Total demand for money=Transactions demand+precautionary and speculative demand for the money
Therefore, the answer to the question is precautionary and speculative
nonexpendable type of account would you assign a gift of $1.5 million dollars with restriction indicating that only the future income generated from this balance can be used by the government
An expendable trust is a trust that can expend both capital and income resources for authorized purposes. A non-expendable trust is a trust that stipulates that profits can be expended rather than capital.
Consumables that wear out during use. For example ammunition, paint, fuel, cleaning and preserving materials, bandages, medicines, medical supplies, etc., or anything that loses its identity. B. Spare parts, etc. Also called consumables.
Non-Exportable Assets – Generally, the unit purchase price for assets that retain their original identity while in use is $1,000 or more. and a life expectancy of over two years. (e.g. furniture, pool table, TV)
Learn more about nonexpendable here
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