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Novay_Z [31]
3 years ago
6

On December 1, 2021, Coronado Industries exchanged 48000 shares of its $10 par value common stock held in treasury for a used ma

chine. The treasury shares were acquired by Coronado at a cost of $45 per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a fair value of $60 per share (the shares were originally issued at $35 per share). As a result of this exchange, Coronado's total stockholders' equity will increase by
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
4 0

Answer:

$2,880,000

Explanation:

Calculation to determine what Coronado's total stockholders' equity will increase by

Increase in total stockholders' equity =[(48000*45)-(48000 * (60-45))]

Increase in total stockholders' equity =$2,160,000+$720,000

Increase in total stockholders' equity =$2,880,000

Therefore the total stockholders' equity will increase by $2,880,000

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Answer:

2

Explanation:

As a result of the weather, the demand for chocolate increases. the demand curve shifts to the right. there is an increase in equilibrium price and quantity

As a result of the channels closing, the supply of imported cocoa falls. As a result, supply decreases. the supply curve shifts to the left

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2 years ago
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A person who doesn't lock doors or fix leaks presents morale hazard.

<h3>What is morale hazard?</h3>

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5 0
1 year ago
In what areas is Leslie's overspending hurting her budget?
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yes

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5 0
3 years ago
Read 2 more answers
After purchasing a fancy cut diamond ring for his wife, jason feels dissatisfied with his purchase as he feels that the ring was
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Buyer's remorse.

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3 0
2 years ago
A(n) ______ cost requires a future outlay of cash and is relevant for current and future decision making. Multiple choice questi
Liono4ka [1.6K]

Answer:

out-of-pocket

Explanation:

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

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3 years ago
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