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nika2105 [10]
3 years ago
12

A corporation originally issued $ 6.00 par value common stock for $ 10.00 per share. It purchased the stock for $ 12.00 per shar

e. Which of the following is included in the entry to record the sale of 40 shares of treasury stock for $ 17.00 per​ share?
A. Treasury Stock-Common is debited for $3,300.
B. Treasury Stock-Cormmon is debited for $1,650.
C. Retained Earnings is debited for $45
D. Treasury Stock-Common is oodied for $46.

Business
1 answer:
Rus_ich [418]3 years ago
3 0

Answer:

Explanation:

                                                   Dr.                  Cr.

Cash                                         $680

Treasury Stock                                               $480

Additional Paid-In Capital (Treasury Stock) $200

Share was originally purchased and recorded as Treasury stock on the purchases price of $12. The Difference of $5 from purchase price and sale price of share is recorded as Additional Paid in Capital.

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In some developing countries, children work in factories when they are 8 or 9 years old. The United States has strict child labo
Katena32 [7]

Answer:

b. They reflect the laws and regulations that affect social and economic behavior.

Explanation:

Morals are not universal and vary greatly depending on the underlying culture and religion. Even still in each civilization, there are many grey areas in the concept of morals. One thing that seems to be constant is that they reflect the laws and regulations that affect social and economic behavior. In this scenario, some developing countries believe that using children as a cheaper form of labor is fine since the children are getting paid and therefore, there are no laws prohibiting this action so people see it as morally correct. While other countries that see it as morally wrong have laws and regulations to prevent people from performing such actions. These laws and regulations are a form of dictating social and economic behavior by stating that it is morally wrong.

3 0
3 years ago
May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch
Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

                                    = (200 x  $7 + 800 x $7 + 600  x $8) ÷ 1,600

                                    = $7.375 or $7.38

The average cost per unit for May is $7.38

4 0
3 years ago
During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income
gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0
3 years ago
Suppose a small business has sales of $15,000 this month, with future sales expected to grow by $1,600 each month. Costs consist
liraira [26]

Answer:

$8,220

Explanation:

According to the scenario, computation of the given data are as follow:-

This month Sales = $15,000

Growth expect in future sales per month = $1,600

Next Month Sales  = Current Month Sales + Growth Expect In Future Sales Per Month

Variable Cost = Total Sale of Current Month × 40%

Gross Profit = Sales - Fixed Cost - Variable Cost

                                            Per Month Gross Profit

Particular  Month 1  Month  2 Month  3 Month  4 Month  5 Month  6 Month  7

Sales ($) 16,600 18,200 19,800 21,400 23,000 24,600 26,200

Less - Fixed cost($) 7,500 7,500 7,500 7,500 7,500 7,500 7,500

Less-Variable cost ($) 6,640 7,280 7,920 8,560 9,200 9,840 10,480

Gross profit ($) 2,460 3,420 4,380 5,340 6,300 7,260 8,220

Gross profit in a single 7 month from now = $8,220

 

7 0
3 years ago
Inappropriate practices and activities related to consistency of care include:
Ira Lisetskai [31]

Inappropriate practices and activities related to consistency of care include changing caregivers often do infants get comfortable being with different adults .

<u>Explanation: </u>

Consistency of care means a small variability in the care industry from shift to shift from day to day, to the nursing assistant, to the resident, to the caregiver and to the patient to the patient.

Continuity of care ensures that each caregiver transition is managed seamlessly to notify the next shift of what was being learned and what needs attention. Medical records are not enough: handwriting is usually poor, time consuming communication, and nurses experience and explain in various ways the same patient risk factors.

Across one side, different eye pairs on such a patient are useful, with a range of symptoms and signs and theories established. And on the other hand, the eyes must still maintain the clear identification of important issues and indicators.

6 0
3 years ago
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