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daser333 [38]
2 years ago
8

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a

corporation and its owners to be profit-making activities. True false question. True False
Business
1 answer:
trapecia [35]2 years ago
3 0

Answer:

true

Explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

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Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manuf
galina1969 [7]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manufacturing costs $16.00 per square

Manufacturing cost= direct material + direct labor  + manufacturing overhead

MC= 12,000 + 16* 50,000= $812,000

5 0
3 years ago
2 2 user: the cost to mail a package is $7 for the first 2 pounds and 30 cents for each additional ounce. which of the following
NARA [144]

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7 0
4 years ago
The theory that higher-income taxpayers should be taxed less because their savings and investments stimulate the economy is know
Varvara68 [4.7K]

Answer:

The correct answer is: supply side economics.

Explanation:

Supply-side economics is a macroeconomic theory which advocates lowering of taxes and decrease in regulation to boost economic growth. It is directly in contrast to demand-side economics.  

This theory focuses on reducing taxes, decreasing regulations on producers and declining borrowing rates.  

This theory states that economic growth can be stimulated by boosting investments through tax reduction.

6 0
3 years ago
XYZ Company uses an allowance method to account for bad debts. It estimates that 5% of the accounts receivable will be uncollect
Papessa [141]
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8 0
3 years ago
In 1974, the price level for Pacifica was 100, the price level for Atlantica was also 100, and in the foreign exchange market 1
blsea [12.9K]

Answer: 0.78 pound mark exchange rate

Explanation:

The Purchasing power parity (PPP) is typically used to make comparison between the currencies of different countries' currencies and also used in comparing their standards of living.

According to PPP, the pound-mark exchange rate in 2003 will be calculated as:

= 280/360

= 0.78

6 0
2 years ago
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