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Question - Cyan Corp. issued 20,000 shares of 5 par ordinary share at 10 per share. On December 31, 20x1, Cyan's retained earnings were 300,000. In March 20x2, Cyan reacquired 5,000 shares of its common stock at 20 per share. In June 20x2, Cyan sold 1,000 of these shares to its corporate officers for 25 per share. Cyan uses the cost method to record treasury stock. Profit for the year ended December 31, 20x2, was 60,000. At December 31, 20x2, what amount should Cyan report as retained earnings? show the solution and explain.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Term Structure of Interest Rates
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CAPM and Venture Capital
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