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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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BlackZzzverrR [31]

<u>Explanation:</u>

The government reduces regulations on tourism activities. Tourism related companies are encouraged to establish their business in a better way by reducing the interest rates for these business. The government also funds tourism related activities such as trade events. funding is also provided for events, concerts, festivals and permanent visitor attractions that can be set.

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8 0
3 years ago
the market value of the equity of Ginger, Inc., is $710,000. The balance sheet shows $45,600 in cash and $227,800 in debt, while
KengaRu [80]

Answer:

3.34 times

Explanation:

Ginger incorporation has a market valu of equity of $710,000

The debt is $227,800

Cash is $45,600

EBIT is $102,800

The first step is to find the enterprise value

= market capitalization + debt -cash

= $710,000 +$227,800 - $45,600

= $937,800-$45,600

= $892,200

The EBITDA can be calculated as follows

= EBIT + depreciation and amortization

= $102,800 + $164,600

= $267,400

Therefore the enterprise value-EBITDA can be calculated as follows

= 892,200/267,400

= 3.34 times

7 0
3 years ago
Josh purchased 100 shares of XOM at the beginning of 2016. He received dividends per share of​ $1.37 (2016),​ $1.55 (2017),​ $1.
Natalka [10]

Answer: 7.80%

Explanation:

At the end of 2016, Josh received a dividend of $1.37 and at the end of 2020, he received one of $1.85.

You can calculate the growth rate with the formula:

Dividend Growth Rate = (Dividend received at end of 2020/Dividend received at end of 2016) ^ (1/n) - 1

2016 to 2020 is 4 years.

Dividend growth rate = (1.85 / 1.37)¹/⁴ - 1

= 0.07798518

= 7.80%

8 0
3 years ago
John's son was not his agent but contracted to purchase a computer in John's name.When John learned of this,John sternly rebuked
umka21 [38]

Answer:

D)

Explanation:

Based on the information provided within the question it can be said that in this scenario John ratified the purchase by John's conduct. This means that he basically gave formal consent of the purchase by not returning it immediately and instead using the computer for several weeks, which therefore makes the purchase valid.

6 0
3 years ago
The capital expenditures budget should be integrated with all of the following except
Vesnalui [34]
You are missing a part of the question
6 0
2 years ago
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