Calculation of cost of treasury shares:
As per FIFO, cost per share of 3 million shares will be $20
Paid in capital will increase by = 3*(26-20)= $18 million
In previous years, Cox Transport reacquired 3 million treasury shares at $20 per share and, later,...
n previous years, Cox Transport reacquired 4 million treasury shares at $20 per share and, later, 2 million treasury shares at $26 per share What amount will Cox's paid-in capital-share repurchase increase if it now sells 2 million treasury shares at $29 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).) 6 million Paid-in capital-share repurchase will increase by $
In previous years, Cox Transport reacquired 3 million treasury shares at $25 per share and, later, 1 million treasury shares at $29 per share. By what amount will Cox’s paid-in capital - share repurchase increase if Cox now sells 2 million treasury shares at $32 per share and determines the cost of treasury shares by the FIFO method? (Enter answer in millions (i.e., 10,000,000 should be entered as 10).)
CHAPTER 18 3. In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and, later, 1 million treasury shares at $26 per share. By what amount will Cox’s paid-in capital—share repurchase increase if it now sells 1 million treasury shares at $27 per share and determines cost as the weighted-average cost of treasury shares?
In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 210 million shares of its $1 par common stock at $21 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2016, Western...
In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 240 million shares of its $1 par common stock at $24 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2018, Western Transport...
Brief Exercise 18-7 (Algo) Treasury stock [LO18-5] ok The Jennings Group reacquired 3 million of its shares at $58 per share as treasury stock. Last year, for the first time, Jennings sold 2 million treasury shares at $59 per share If Jennings now sells the remaining 1 million treasury shares at $55 per share, by what amount will retained earnings decline? (Enter your answer in millions (i... 10,000,000 should be entered as 10).) int Retained earnings will decline by million
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 23, 2021, Western...
In 2021, Western Transport Company entered into the treasury stock transactions described below. In 2019, Western Transport had issued 280 million shares of its $1 par common stock at $28 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23, 2021, Western Transport...
CHAPTER 18 (8.) In 2018, Western Transport Company entered into the treasury stock transactions described below. In 2016, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) On January 23,...
Agee Storage issued 45 million shares of its $1 par common stock at $22 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $20 per share. If Agee now retires 1 million shares at $25 per share. By what amount will Agee's total paid-in capital decline? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million