Resold the treasury stock

Assignment Help Financial Management
Reference no: EM13924745

Trigg Corporation purchased treasury stock in 2014 of a price of $22 per share and resold the treasury stock in 2015 at a price of $42 per share. What amount should Trigg report on its income statement for 2015?

A) $42 gain per share

B) $22 gain per share

C) $20 gain per share

D) $0

Reference no: EM13924745

Questions Cloud

Prepare a lan design using visio for service request : Determine how use of this tool can be used to make decisions and provide the modification needed for this LAN Design project. Prepare a LAN design using Visio for service request SR-mf-005 & SR-mf-007
What are the consequences of credit bubbles : What are the consequences of credit bubbles? Explain the steps to be taken to control credit bubbles. Explain the reasons for the housing sector boom in the US prior to 2006.
Accounting period to the ending of an accounting period : Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the ending of an accounting period? A) The statement of cash flows B) The statement of working capital C) The statement o..
Components of the organization supply chain : Choose an organization delivering goods and/or services globally. Provide a background of the organization and fully describe six components of the organization's supply chain. Examine the potential problems related to each of the components descr..
Resold the treasury stock : Trigg Corporation purchased treasury stock in 2014 of a price of $22 per share and resold the treasury stock in 2015 at a price of $42 per share. What amount should Trigg report on its income statement for 2015?
Explain and calculate the f statistic : What decision do you make about the null hypothesis based on the F statistic and degrees of freedom? What leads you to make this decision?
Investment and the cash flows for two alternatives : Assume a $90,000 investment and the following cash flows for two alternatives. Year Investment A Investment B 1 $ 25,000 $ 40,000 2 30,000 40,000 3 25,000 28,000 4 19,000 — 5 25,000 — Calculate the payback for investment A and B.
Recommend hershey use to account : Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining.
Analysis of the existing wan for acme medical center : Write a 2-page paper based on your analysis of the existing WAN for Acme Medical Center that describes: The weaknesses in the WAN

Reviews

Write a Review

Financial Management Questions & Answers

  Explain what is the equivalent annual cost of the washer

What is the equivalent annual cost of the washer, if the firm uses straight-line depreciation? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  Financial leverage magnifies potential returns-shareholders

Since the use of financial leverage magnifies the potential returns to shareholders, investors should be willing to pay a premium for the stock of firms that have greater amounts of leverage." Do you agree or disagree with the above statement? Why?

  Cost of retained earnings using gordon model approach

Heavy Snow Corporation just paid a dividend of $2.90 per share, and the firm is expected to experience constant growth of 4.20% over the foreseeable future. The common stock is currently selling for $52 per share. What is Heavy Rain's cost of retaine..

  Which type of intellectual property is involved in situation

College Copy Shop (CCS) compiles, copies, and sells reading materials to students. The compilations are prepared on the instructions of professors, who indicate which parts of which publications should be included for their students. Which type of in..

  Treasury department has made it goal to reduce

Suppose that last year a firm had a DSO of 35 days and annual revenues equal to 10,000,000$. The treasury department has made it a goal to reduce the DSO to 30 days, while holding constant revenues.

  Bond is premium bond making annual payments

Bond X is a premium bond making annual payments. The bond has a coupon rate of 8.9 percent, a YTM of 6.9 percent, and has 14 years to maturity. Bond Y is a discount bond making annual payments. What do you expect the prices of these bonds to be in 12..

  What is the market rate of return on this stock

The common stock of Eddie's Engines, Inc. sells for $38.03 a share. The stock is expected to pay $4.00 per share next year. Eddie's has established a pattern of increasing their dividends by 6.1 percent annually and expects to continue doing so. What..

  What is the value of the common stock

If a firm pays a $2 dividend and that is expected to remain constant, what is the value of the common stock, if the firm’s required rate of return is 16%?

  What is the companys cost of equity capital

David Ortiz Motors has a target capital structure of 35% debt and 65% equity. The yield to maturity on the company's outstanding bonds is 8%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 10.79%. What is the comp..

  How long will it be before you have enough to buy the car

You’re trying to save to buy a new $225,000 Ferrari. You have $38,000 today that can be invested at your bank. The bank pays 4.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

  Economic life using the straight-line method

Howell Petroleum is considering a new project that complements its existing business. The machine required for the project costs $3.85 million. The marketing department predicts that sales related to the project will be $2.55 million per year for the..

  What must be the opportunity cost of capital

A stock sells for $60. The next dividend will be $3 per share. If the return on equity ROE is a constant 10% and the company reinvests 40% of earnings in the firm, what must be the opportunity cost of capital?

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