Stock issuances and repurchase

Reference no: EM13124772

Loxley Corporation is authorized to issue 50,000 shares of $10 par value common stock. During 2010, Loxley took part in the following selected transactions.

1. Issued 5,000 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $7,000.

2. Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $46 per share on the date of issuance.

3. Purchased 500 shares of treasury stock at $44 per share. The treasury shares purchased were issued in 2006 at $40 per share.

Reference no: EM13124772

Questions Cloud

Illustrate what is mad hatter most profitable sales mix : Selling prices and variable costs per unit are shown below. Based on this information, illustrate what is the Mad Hatter's most profitable sales mix?

Profile of your nonprofit organization as an agent of civic : Essay:-:Project 1: Profile of your Nonprofit Organization as an agent of civic engagement

Conditional distribution of opinion about quality coffee : Here are data on attitudes toward coffee filters made of recycled paper. The data was gathered from a random sample. What is the conditional distribution of opinion about quality of recycled coffee filters for buyers?

Solve nilpotent transformation : Nilpotent transformation, Consider the transformation N: V->V. Let g be a vector such that N^k-1 does not equal 0, but N^k = 0. First show that the vectors g,N(g),N^2(g),..,N^k-1(g) are linearly independent

Stock issuances and repurchase : Loxley Corporation is authorized to issue 50,000 shares of $10 par value common stock. During 2010, Loxley took part in the following selected transactions.

Illustrate what will appear on fun-based financial : Assuming that the landfill is recorded within the general fund, illustrate what will appear on the fun-based financial statements for this landfill for the year ended December 31, 2010?

Describe the history, current status : Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.

Determining algebra- linear equations : What are the co-ordinates of the point of intersection of lines M and N? Write the co-ordinates of the intersections of lines M and N with the x-axis. Write the co-ordinates of the intersection of lines M and N with the y-axis.

Solve matrix representation of a linear transformation : Matrix Representation of a Linear Transformation, For the problem, refer to the linear transformation T

User Account

All Pages