The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

Question

Question

The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

The acquisition of treasury stock:

Group of answer choices

A. increases both assets and equity

B. decreases both assets and equity

C. increases both assets and liabilities

D. decreases both assets and liabilities

E. does not effect total assets

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer : E = Does not effect total assets.

**Journal Entry for acquisition of treasury stock**
Particulars	Debit	Credit
Treasury Stock Account	XXXX
Cash Account		XXXX

>> There will be no effect to Liabilities and Equity account.

>> In Assets side, Treasury Stock increases and Cash account decreases.

Add a comment

Answer 2

Similar Homework Help Questions

The acquisition of treasury stock: A. increases both assets and equity B. decreases both assets and equity C. increases...

The acquisition of treasury stock: A. increases both assets and equity B. decreases both assets and equity C. increases both assets and liabilities D. decreases both assets and liabilities E. does not effect total assets
1. Which of the following is something of value owned by the company? (a)Cash (b) Common...

1. Which of the following is something of value owned by the company? (a)Cash (b) Common Stock (c) Supplies Expense (d) Notes Payable 2. Windward Inc. makes a payment of $500 on its accounts payable. How does this effect the accounting equation? a. Assets decrease and Liabilities decrease b. Assets increase and Equity Decreases c. Assets decrease and Equity decreases d. Assets increase and Liabilities increase e. Assets decrease and Liabilities increase 3. Chitron Corporation earns $750 working for a...
13. The "equity multiplier" is affected by: Group of answer choices a. the amount of preferred...

13. The "equity multiplier" is affected by: Group of answer choices a. the amount of preferred stock dividends paid b. the amount of debt in the firm's capital structure c. the square root of the return on total assets d. the phases of the moon

Select whether each of the following transactions increases (it) or decreases lies and total stockholders' equity....

Select whether each of the following transactions increases (it) or decreases lies and total stockholders' equity. The first transaction is completed as an example Transaction. Total Assets Total Liabilities Total Stockholders Equity Issue common stock Issue preferred stock Purchase treasury stock Sale of treasury stock
4. Glaser Company paid $36,000 to buy 3,000 shares of its $5 par value common stock...

4. Glaser Company paid $36,000 to buy 3,000 shares of its $5 par value common stock for the treasury. The stock was originally sold for $27,000. The entry to record the purchase includes a a. debit to Treasury Stock for $27,000. b. credit to Treasury Stock for $15,000. c. debit to Treasury Stock for $36,000. d. credit to Common Stock for $27,000. 5. The purchase of treasury stock a. increases total assets and decreases total stockholders' equity. b. decreases total...
can someone please help me im stuck 10. All of the following are true concerning treasury...

can someone please help me im stuck 10. All of the following are true concerning treasury stock except: A. B. Treasury shares are included in the company's issued shares. The acquisition of treasury stock decreases total assets and decreases total Stockholder's Equity. Treasury stock receives dividends. Treasury stock does not have voting rights. C. D.

1) As quantity increases for a price-taking firm Group of answer choices a Total revenue may...

1) As quantity increases for a price-taking firm Group of answer choices a Total revenue may increase or decrease b Total revenue will increase c Marginal revenue will increase d Marginal revenue decreases 2) Suppose a price-taking firm has the following total costs. What is the profit-maximizing quantity the firm should produce assuming the price of the good is 60? Quantity 0 1 2 3 4 5 6 7 8 Total Cost 200 300 370 420 460 510 570 650...
1.. As the wavelength of light increases, the frequency of light Group of answer choices a....

1.. As the wavelength of light increases, the frequency of light Group of answer choices a. Stays the same b. increases c. decreases 2.. A typical AM radio station broadcasts at a frequency of 1070. MHz. What is the wavelength of the electromagnetic radiation generated by this radio station? 1 Hz = 1 s-1 1 MHz = 106 Hz Group of answer choices a. 3.21 x 10^11 m b. 2.804 X 10 ^5 m c. 0.2804 m 3.. Use this...
Which of the following statements is positive? Group of answer choices When the Federal Reserve increases...

Which of the following statements is positive? Group of answer choices When the Federal Reserve increases the money supply, interest rates decrease. Large budget deficits should be avoided. A tax cut that benefits low-income households is acceptable. Higher taxes are needed to support education. The standard of living in an economy is best measured by: Group of answer choices output per person. average labor productivity. total output. the inflation rate. If average labor productivity increases while population and the number...

9. Diana, owner, withdrew $5,000 cash from the business A. Assets Increase; Liabilities Increase B. Assets...

9. Diana, owner, withdrew $5,000 cash from the business A. Assets Increase; Liabilities Increase B. Assets Increase; Equity Increases C. Assets Increase; Assets Decrease D. Liabilities Increase; Equity Decreases E. None of the above 10. Paid utility bill received in transaction (7) above A. Assets Increase; Liabilities Increase B. Assets Decrease; Equity Decreases C. Assets Increase; Equity Increases D. Liabilities Increase; Equity Decreases E. None of the above

The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

Homework Answers

Add Answer to:
The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

Post as a guest

Earn Coins

The acquisition of treasury stock: A. increases both assets and equity B. decreases both assets and equity C. increases...

1. Which of the following is something of value owned by the company? (a)Cash (b) Common...

13. The "equity multiplier" is affected by: Group of answer choices a. the amount of preferred...

Select whether each of the following transactions increases (it) or decreases lies and total stockholders' equity....

4. Glaser Company paid $36,000 to buy 3,000 shares of its $5 par value common stock...

can someone please help me im stuck 10. All of the following are true concerning treasury...

1) As quantity increases for a price-taking firm Group of answer choices a Total revenue may...

1.. As the wavelength of light increases, the frequency of light Group of answer choices a....

Which of the following statements is positive? Group of answer choices When the Federal Reserve increases...

9. Diana, owner, withdrew $5,000 cash from the business A. Assets Increase; Liabilities Increase B. Assets...

The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

Homework Answers

Add Answer to: The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....

Post as a guest

Earn Coins

Add Answer to:
The acquisition of treasury stock: Group of answer choices A. increases both assets and equity B....