User Account

All Pages

What is true of the entry for reissuing the shares

Assignment Help Accounting Basics
Reference no: EM133169473

Question - On February 22, ABC acquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company reissued 70 shares for $30 each. What is true of the entry for reissuing the shares?

Credit Treasury Stock $2,100.

Credit Additional Paid in Capital $350.

Debit Treasury Stock $1,750.

Credit Cash $1,750.

Reference no: EM133169473

Questions Cloud

Evaluate significant developments : Conduct a PEST analysis and critically evaluate significant developments within the company and the wider retail sector.
Define the concept of replenishment of materials : Define the concept of replenishment of materials? Discuss the concept of safety stock levels and underlying factors governing its efficiency
Jennifer haddad connell : How do you achieve training compliance in your workplace? Please share any tips about how you have seen workplace training elevate quality within your company.
What are the adjusting entries on december : A merchandise shipment valued at P1,500,000 was properly recorded as purchase at year-end. What are the adjusting entries on December
What is true of the entry for reissuing the shares : On February 22, ABC acquired 200 shares of its $5 par value common stock for $25 each. What is true of the entry for reissuing the shares
Should the company accept the special order : Special Order Decision - Imperial Jewelers manufactures and sells a gold bracelet for $189.95. Should the company accept the special order
What is your dollar amount of investment in the equity index : With your total $2,000,000 investment budget, what is your dollar amount of investment in the equity index fund and Treasury bill respectively
What is burberry company diluted earnings : Burberry Company had 200,000 ordinary shares issued and outstanding at December 31, 2022. What is Burberry Company diluted earnings
Identify whether each of the amounts should be expensed : dentify whether each of the above amounts should be expensed or capitalised as an intangible asset. Justify your treatment using the requirements of AASB138

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