Reference no: EM13863571
A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock. How many shares are outstanding?
400,000
100,000
90,000
490,000
10,000
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Construct systems flowchart based on the narrative
: Cornick, Inc. sells office products to businesses in the eastern region of the United States. Each month, the IT division at Cornick prints monthly statements and sends them to the accounts receivable (AR) department, where a clerk e-mails them to th..
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Sale of the treasury shares
: In June 2013, a company repurchased 10,000 shares of stock at a price of $10 per share. In July 2013, the company sold 5,000 of those treasury shares for $8 per share. What is the correct journal entry for the July 2013 sale of the treasury shares?
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Dissolving their partnership
: Peters, Chong, and Aaron are dissolving their partnership. Their partnership agreement allocates each partner an equal share of all income and losses. The current period's ending capital account balances are Peters, $84,000;
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Storybooks return on common stockholders equity
: Storybook Cruises reported net income of $2,880 million for the year ended December 31, 2012. Compute Storybook's return on common stockholders' equity for the year ended December 31, 2012. What other ratio would you want to compute to decide whethe..
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How many shares are outstanding
: A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock. How many shares are outstanding?
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Shares of common stock outstanding
: Silver Corporation has 2,000 shares of common stock outstanding. Howard owns 600 shares, Howard's grandfather owns 300 shares, Howard's mother owns 300 shares, and Howard's son owns 100 shares. How many shares does Howard own, directly and indirectly..
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Developer of radiology equipment
: Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common. Calculate the dividends per share on each class of stock for each of th..
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What is the basis of the truck for determining depreciation
: Tina owns a truck costing $20,000 and used for personal activities. The truck has a $9,600 FMV when it is transferred to her? business, which is operated as a sole proprietorship. What is the basis of the truck for determining depreciation?
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No journal entry required in the first account field
: Austin, Inc., acquired 10 percent of McKenzie Corporation on January 1, 2014, for $310,500 although McKenzie’s book value on that date was $2,380,000. McKenzie held land that was undervalued by $185,000 on its accounting records.If no entry is requir..
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