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VashaNatasha [74]
3 years ago
13

Pember Corporation started business in 2007 by issuing 200,000 shares of $20 par common stock for $36 each. In 2012, 30,000 of t

hese shares were purchased for $52 per share by Pember Corporation and held as treasury stock. On June 15, 2013, these 30,000 shares were exchanged for a piece of property that had an assessed value of $810,000. Perber's stock is actively traded and had a market price of $60 on June 15, 2013. The cost method is used to account for treasury stock. The amount of paid-in capital from treasury stock transactions resulting from the above events would be
a. $1,200,000. b. $720,000. c. $585,000. d. $240,000.
Business
1 answer:
Anni [7]3 years ago
5 0

Answer:

d. $240,000.

Explanation:

The computation of the amount of paid-in capital from treasury stock is calculated by applying the formula which is shown below:

= Number of shares × (Market price per share - purchase price per share)

= 30,000 shares × ($60 per share - $52 per share)

= 30,000 × $8 per share

=  $240,000

The other items which are mentioned in the question are irrelevant. Therefore, it is not to be considered in the computation part.

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4 years ago
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The correct answer is corporate culture.

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It can be developed intentionally according to the direction in which the company moves in terms of style, priorities and values, or in a more organic way as a result of the sum of the characteristic features of its members and the nature of the interaction between them.

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3 years ago
A project that provides annual cash flows of $16,800 for nine years costs $74,000 today. what is the npv for the project if the
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Answer:

$30,947.92

Explanation:

The computation of the net present value is shown below:

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