Answer:
The balance in the Paid-in Capital from Treasury Stock account at December 31, 2014 is $36,000
Explanation:
The computation of the balance in the treasury stock account is shown below:
= Number of shares sold × (Selling price of share - purchase price of share)
= 18,000 shares × ($13 per share - $11 per share)
= 18,000 shares × $2 per share
= $36,000
The other items which are mentioned like issued shares, authorized shares are irrelevant because we have to compute for the treasury stock, not for the common stock. So, these parts would be ignored in the computation part.
A critical function of the government in facilitating the operation of a market economy is setting and enforcing private property rights. Private property rights determine how a resource or good is owned.
Automobile loans is not a type of consumer credit
Answer:
An art
Explanation:
An art is a blank is a statement used to communicate ones feelings in a nonconfrontational manner.
Answer:
1. c. a consolidation
2. a. all of Shale's and Tierra's assets
3. c. all of Shale's and Tierra's debts
Explanation:
1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.
2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.
3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.
