Answer:
When shares are repurchased, they are recorded at the cost price in the books which means that they will be recorded at:
= 100 * 40
= $4,000
Cash will then be credited because assets are credited when they reduce.
Treasury stock will be debited to show that Equity is reducing.
Date Account Title Debit Credit
June, 30 Treasury Stock $4,000
Cash $4,000
50%
Explanation:
A. Safety belts are most effective when used properly. Each vehicle made today has a lap/shoulder belt combination. It should go over the shoulder and across the center of the chest. Lap belts should fit comfortably across the hips, not over the stomach. Don't make slack in your seat belt and don't tuck a shoulder belt under your arm or behind your back for any reason, including to defeat the seat belt alarm.
B. Seat belt has saved 14,668 people in 2016 in vehicle accidents.
C. The national use rate of lap and shoulder belt in America is 90.1 percent.
Answer:
$1,818,181.81
Explanation:
Data provided:
Amount that will be provided a year = $50,000
Expected rate of return = 2.75%
Now,
The Present value of perpetuity is given as:
Present value of perpetuity = 
on substituting the respective values, we get
Present value of perpetuity = 
or
Present value of perpetuity = $1,818,181.81
Hence,
The amount that must be deposited today to fund this gift is $1,818,181.81
Answer:
True.
Explanation:
Danger of losing control, and the possibility of an inactive market and an attendant low stock price are potential disadvantages of going public.
Companies that seeks to sell its stock on different stock markets or other major public exchanges must meet and maintain numerous listing requirements. Failure to comply with these mandates on an ongoing basis could cause the stock to become delisted from the exchange. The chief purpose of these requirements is to increase market transparency in an effort to foster investor confidence.
