Capital from the treasury stock

Assignment Help Accounting Basics
Reference no: EM13154106

Emu Inc. reissued 8,000 shares of treasury stock at $ 44 per share. The stock, which has a par value of $ .03, cost the company $ 30 per share two years ago. How much paid in capital from the treasury stock will the company have as a result of this transaction.

Reference no: EM13154106

Questions Cloud

Mass of limestone is required to remove the sulfur dioxide : what mass of limestone is required to remove all the sulfur dioxide formed by the combustion of 7.5 104 kg of coal that is 0.33 mass % sulfur?
Does this hurt the growth in the economy? : Assuming a company does not have enough excess retained earnings to fund future projects that have positive NPV's, they would have to sell debt or issue new capital. Issuing new capital is often thought of as a negative sign to current stock holders,..
General types of subsequent events : What are the general types of subsequent events that require Green's consideration and evaluation? What are the auditing procedures Green should consider performing to gather evidence concerning subsequent events?
Maximum regular cost recovery deduction : Omar acquires used 7-year personal property for $100,000 to use in his business in February 2010. Omar does not elect §179 expensing or additional first-year depreciation, but does take the maximum regular cost recovery deduction. As a result, Oma..
Capital from the treasury stock : Emu Inc. reissued 8,000 shares of treasury stock at $ 44 per share. The stock, which has a par value of $ .03, cost the company $ 30 per share two years ago. How much paid in capital from the treasury stock will the company have as a result of thi..
Restricted and relaxed policies : With a restricted policy, current assets will be 15% of sales. Under a relaxed policy, current assets will be 25% of sales. What is the difference between the projected ROEs between the restricted and relaxed policies?
Accounting records after the exchange : If company a has a player with a contract of $5,800,000 and company B has a player with a contract of $5,600,000 and they trade the players by exchanging the player's contract and the fair value of both contracts was $6,000,000 what amount should ..
Determining standard quantity in kilograms : The allowance for rejects is 0.11 kilogram of this input for each unit of output. The standard quantity in kilograms of this input per unit of output should be:
Entries in the retaned earnings account : Use the indirect method of reporting cash flows from operating activites. Assume that equipment costing $125000 was purchased for cash and equipment costing $85000 with accumulated depreciation of $65000 was sold for $15000; that the stock was iss..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Opening the mail and recording payments

Which of the following should be performed by the persons opening the mail and recording payments?

  Foreign exchange gain or loss

When a U.S. company purchases parts from a foreign company, which of the following will result in no foreign exchange gain or loss?

  Commenting on the need for reconcil

Write a brief discussion commenting on the need for reconciling book income for a partnership to taxable income for that partnership for tax purposes.

  Is there a reason a firm choose one method over another

Non-Controlling interest in a selling subsidiary affects only the allocation of the eliminated unrealized gain or loss and not the amount eliminated?

  What statement would the numbers be reflected on

Is this a GASB rule or a FASB rule? What statement would the numbers be reflected on?

  Total obligation under capital leases

The present value at December 31, 2011 of the eight lease payments over the lease term discounted at 10% is $1,173,685. Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the total obligation under ca..

  Explain the benefits of a stock dividend

Explain the benefits of a stock dividend both to the coprporation issuing the dividend and to the shareholder receiving the dividend.

  What do you see as the major impediments to effective

How are managerial accounting concepts useful for a decision-maker at any level in an organization? Make sure to include different levels of decision-makers in your reply.

  Prepare a journal entry with a straight line method

A company issued 10%, 10 year bond payable with a par value of 720,000. The bonds were issued for 817,860 cash, which provided the holders an annual yield of 8%. Prepare a journal entry with a straight line method for the first semiannual interest..

  Percent of the invoices

A study of a company's practice regarding payment of invoices revealed that an invoice was paid an average of 20 days after is was received. The standard deviation equaled five days.Assuming that the distribution is normal, what percent of the inv..

  Computing dpad of maria corporation

The company also sells dinnerware that is purchased from unrelated foreign producers. During the tax year 2010, Maria had a U.S. profit of $1.2 million (QPAI) and a profit from the imported merchandise of $100,000. What is Maria's DPAD?

  Effective interest method

If the effective interest method is used, by how much should the bond discount be reduced for the 6 months ended December 31, 2009?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd