Paid-in capital from sale of treasury stock on december

Assignment Help Cost Accounting
Reference no: EM13331024

Q-- On March 4, of the current year, BB, Inc. reacquired 5,000 shares of its common stock at $89 per share. On August 7, BB sold 3,500 of the reacquired shares at $100 per share. The remaining 1,500 shares were sold at $88 per share on November 29.

Journalize the transactions of March 4, August 7, and November 29.

Mar-4, =__

            =__

Aug-7, =__

            =__

            =__

Nov-29, =__

              =__

               =__

What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31, of the current year?   =__ (credit)

Reference no: EM13331024

Questions Cloud

Calculate the anharmonicity constant : HCl has a dissociation energy of De = 7.41x10^-19 J and a harmonic vibrational frequency of 2900 cm-1. calculate the anharmonicity constant
Explain oh depending on the reaction conditions : Balance the following reactions. You may have to supplement the reaction with H+, H2O, or OH depending on the reaction conditions.
Journalize the transactions of february : Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, MA sold the remaining shares at $28 per share - Journalize the transactions of February 1, March 15, and June 2.
Calculate the bond length of hf molecule : Given that the rotational constant of HF is 20.5cm-1, calculate the bond length of HF molecule
Paid-in capital from sale of treasury stock on december : What is the balance in Paid-in Capital from Sale of Treasury Stock on December 31, of the current year
Find the maximum weight for the car : Four identical springs with k = 65.3kN/m support a car, Find the maximum weight for the car if the springs should be compressed no more than 3.9cm when the car is at rest
Explain what is the alkalinity the ion concentration : Based on the given ion concentration for water below,what is the alkalinity (in mg/L as CaCO3)Note :the ion concentration s in the table below are NOT given in mg/l as CaCO3.
Chebyshev''s vs. the empirical theorem/rule : 1. Chebyshev's vs. the empirical theorem/rule.
Find the minimum work required to stack all five vertically : Arranged on the floor are five concrete blocks, each 28.4kg and 0.265m tall. What is the minimum work required to stack all five vertically

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find its operating profit

The Great Northwest League has provided to buy 80 basketball jerseys for $16 per jersey - If Dick's accepts special order from The Great Northwest League, Find its operating profit

  Prepare a statement of cash flows on the direct method

Prepare  a Statement of Cash Flows on the direct method (do not include the  indirect method of calculating operating cash flows). The Statement of Cash Flows should  automatically change when any assumption is changed.

  Conduct a performance audit to learn

Convention center revenue would be sufficient to cover all expenses, including debt service.Yet, in its first five years of operation, the center consistently reported operating deficits.

  Question related to strategies for managing risk

Strategies for managing risk - Evaluate what is a strategy for managing risk and what are some potential future risks?

  Calculate the total incremental cost of buying some units

Santos Company currently manufactures one of its crucial parts at a cost of $3.20 per unit. This cost is based on a normal production rate of 70,000 units per year. Variable costs are $1.70 per unit, fixed costs related to making this part are $70..

  Does ford have an accounts receivable balance

Has it decreased or increased over the past few years? What is its percentage to total assets for last two years? Has the percentage decreased, increased, or remained the same? If the ratio percentage has changed what accounts for change?

  Calculate the number ofunits required tobreak even

Calculate the number ofunits required tobreak even. The finance manager has devised a number ofalternative plans to get the entity back into profitability

  Evaluate the cost of goods

Evaluate the cost of goods completed and transferred out of the Assembly Department.

  What is the fixed charge coverage

(a) What is the times-interest-earned ratio - Times-interest earned If the firm's lease payments are $43,700, what is the fixed charge coverage?

  Evaluate bodily income tax payable for 2013

Bodily had an unused $120,000 net operating loss carry forward from 2011 when the tax rate was 40%. Evaluate bodily's income tax payable for 2013

  Compute the percentage change in income in each case

Prepare a schedule showing the Dutch subsidiary's income statement for 2011 and 2012 in euros and in dollars, using both the current rate and temporal methods. Compute the percentage change in income in each case.

  Scheme affect the companys balance sheet

How does Mr. Blowhard scheme affect the amount of income that the company would otherwise report in its financial statement and how does the scheme affect the company's balance sheet?

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