Foley common stock account

Assignment Help Accounting Basics

Reference no: EM13159445

Foley Manufacturing Corporation purchased 3,000 shares of its own previously issued $10 par common stock for $69,000. As a result of this event,

a) Foley's common stock account decreased $30,000.

b) Foley's paid-in capital in excess of par account decreased $39,000.

c) Foley's assets decreased $30,000.

d) Foley's total stockholders' equity decreased $69,000.

Reference no: EM13159445

Questions Cloud

How many students expect to correctly identify coke or pepsi : How many of the 15 students would you expect to correctly identify Coke or Pepsi? What is the probability that exactly 10 students surveyed will correctly identify coke or Pepsi.

Write a class named test scores : Write a class named TestScores.The class constructor should accept an array of test scores as an argument.The class should have a method that returns the average of the test scores.

Historical and contemporary roles of media in society : Describe the role technology has played in electronic and digital media. Discuss the historical and contemporary roles of media in society.

What are plasmids : What are plasmids? What is the importance of plasmids for the recombinant DNA technology?

Foley common stock account : Foley Manufacturing Corporation purchased 3,000 shares of its own previously issued $10 par common stock for $69,000. As a result of this event, a) Foley's common stock account decreased $30,000.

What are halophile, thermoacidophile : What are halophile, thermoacidophile and methanogen archaebacteria?

Determine what happens in the new equilibrium : Determine what happens in the new equilibrium. Does the individual buy more or less of OG. Does the individual buy more or less of HC. Explain why.

Interface with some other dbms : Develop a RDBMS (Relational Database Management System) in Python. The RDBMS should actually be written in Python, not just interface with some other DBMS. This system should track students: Personal Data, Schedules and Grades. The system should cont..

Which of the seven cations will be the hardest to detect : Which of the seven cations will be the hardest to detect (same anions as above), Why do you think this? If two or more are possible explain why.

User Account

All Pages