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Question - During 2020, Apple Corporation had the following treasury share transactions:
a) Acquired 3,500 ordinary shares to be held as treasury shares for 354,000
b) Re-issued 750 ordinary treasury shares for 120
c) Acquired additional 1,200 ordinary shares at 132,000 to be held as treasury shares
d) Sold 3,600 treasury shares at 115 per share
Assuming no other treasury share transactions occurred after, how much is the appropriation for treasury shares by the end of the year?
During the year, assets increased by $30,000 and liabilities increased by $5,000. What was the stockholders' equity at the end of the year?
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Determine the following for Kermit Company: Flexible-budget operating income, Flexible-budget variance, in terms of contribution margin and Flexible-budget variance, in terms of operating income.
You have the option to abandon the project, What is the value today of this option to abandon after you receive the first cash flow?
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Gentile Corporation makes a product with the following standard costs: The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340 direct labor-hours. During the month, the company purchased 40,400 kilos of the direct mate..
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