User Account

All Pages

What are the entries related to treasury stock transaction

Assignment Help Accounting Basics
Reference no: EM131765809

Sports Company issued 100,000 shares of $10 par common stock for $1,200,000. A year later Sports acquired 16,000 shares of its own common stock at $15 per share. Three months later Sports sold 8,000 of these shares at $19 per share. If the cost method is used to record treasury stock transactions, what are the entries related to the treasury stock transactions?

Reference no: EM131765809

Questions Cloud

About strategies to enter a foreign market : You read about strategies to enter a foreign market.
Calculate the value of ending inventory using total costing : Stone Industries gathered the following information for the years ended June 30, 20X5:- Units Produced 17,000 Units.
How would ascis go about developing its information systems : COIT20248 Information Systems Analysis and Design - Assignment 1 - About Systems Development - How would ASCIS go about developing its information systems
Magnitude of the acceleration of the girl : What is the magnitude of the acceleration of the girl?
What are the entries related to treasury stock transaction : If the cost method is used to record treasury stock transactions, what are the entries related to the treasury stock transactions
Stresses of flying high-speed aircraft in a spinning : If the device, starting from rest, takes 2.1 minutes to turn through 21 complete revolutions before reaching its final speed
Payments to contractor-properly capitalized : The storage building was self-constructed this year by DeeDee. The Company had their initial expenditure of $700,000 on January 1.
What is the entry to record the issuance of the shares : preferred stock (fair value is not known) for a lump sum of $205,000. What is the entry to record the issuance of the shares
Prepare the journal entry to record issuance of the stock : preferred stock having a fair value of $20 per share for a lump sum of $253,000. Prepare the journal entry to record issuance of the stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

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

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture 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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd