Business, 19.06.2020 12:57 AleOfficial101
On February 1, 2018, Cue Company acquired 2,400 shares of its $1 par value stock for $43 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $46 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock?
Cash 117,600
Common Stock 2,800
Additional paid-in capital 114,800
Cash 117,600
Treasury Stock 109,200
Additional paid-in capital 8,400
Cash 117,600
Treasury Stock 109,200
Gain on sale of treasury stock 8,400
Cash 117,600
Treasury Stock 109,200
Retained earnings 8,400
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 19:40, ashley4329
Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer
Answers: 2
Business, 22.06.2019 20:30, anilauferc
You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase
Answers: 3
You know the right answer?
On February 1, 2018, Cue Company acquired 2,400 shares of its $1 par value stock for $43 per share a...
Questions in other subjects:
History, 05.05.2020 17:21
Mathematics, 05.05.2020 17:21
History, 05.05.2020 17:21
