5. What was the average cost per share of the treasury stock acquired?
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5. What was the average cost per share of the treasury stock acquired?
A company buys treasury stock for $10 per share. The company later sells the treasury stock...
A company buys treasury stock for $10 per share. The company later sells the treasury stock for $11 per share. What is the difference between the resale price and the cost of the treasury stock called? A. Paid - in Capital in Excess of Par B. Gain on Sale of Treasury Stock C. Loss on Sale of Treasury Stock D. Paid - in Capital from Treasury Stock Transactions
QUESTION 3 Bramble Corp. acquired 22200 shares of its own common stock at $21 per share...
QUESTION 3 Bramble Corp. acquired 22200 shares of its own common stock at $21 per share on February 5. Year 17, and sold 11100 of these shares at $28 per share on August 9, Year 18. The fair value of Bramble's common stock was 525 per share at December 31, Year 17, and 526 per share at December 31, Year 18. The cost method is used to record treasury stock transactions. What accounts) should Bramble credit in 2018 to record...
Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per...
Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per share and 8,000 shares of $50 par value, eight percent preferred stock at $85 per share. Later, the company purchased 3,000 shares of its own common stock at $20 per share. X X 0x X X a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Inland sold 2,000 shares of the treasury stock...
Question 5 Table 10-6 Plating General acquired 3,000 of its own shares at $25 per share....
Question 5 Table 10-6 Plating General acquired 3,000 of its own shares at $25 per share. The shares are to be held in Treasury. The par value of Plating General's common stock is $2.50 per share. Referring to Table 10-6, if Plating General were to resell all its treasury stock at $28 per share, what journal entry would Plating General make? Cash 84,000 Additional Paid-in Capital 67,500 Treasury Stock 7,500 Gain on Sale of Treasury Stock 9,000 Cash 84,000 Treasury...
February 1, Jones repurchased 2,000 shares of treasury stock at a price of $18 per share. March...
February 1, Jones repurchased 2,000 shares of treasury stock at a price of $18 per share. March 1, 800 shares of treasury stock repurchased above were reissued at $17 per share. March 18, 500 shares of treasury stock repurchased above were reissued at $14 per share. April 22, 600 shares of treasury stock repurchased above were reissued at $20 per share. Instructions: Prepare the journal entries to record the treasury stock transactions in 2007, assuming Jones uses the cost method.
Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per...
Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per share and 6,000 shares of $53 par value, eight percent preferred stock at $61 per share. Later, the company purchased 3,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $29 per share. Prepare...
Treasury Stock Coastal Corporation issued 25,000 shares of $6 par value common stock at $18 per...
Treasury Stock Coastal Corporation issued 25,000 shares of $6 par value common stock at $18 per share and 6,000 shares of $50 par value, eight percent preferred stock at $79 per share. Later, the company purchased 3,000 shares of its own common stock at $21 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $27 per share. Prepare...
15-15 Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost...
15-15
Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost Method On January 1. Larain Corporation had 2.000 shares of Par 187 authorized and outstanding. These shares were originally issued at a price of $26 per These shares were originally issued at a price of $26 per share. In addition, 500 shares of $50 par preferred stock were outstanding. These were issued at a price of 7o Pet following stock transactions occurred: outstanding. These...
Stock Issuance and Treasury Stock Diva, Inc., recorded certain capital stock transactions shown in the following...
Stock Issuance and Treasury Stock Diva, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $20 cash per share, (2) purchased treasury shares at $25 per share, and (3) sold some of the treasury shares: 1 Cash 437,000 Common stock 43,700 Paid-in capital in excess of par value 393,300 2 Treasury stock 77,000 Cash 77,000 3 Cash 63,360 Treasury stock 52,800 Paid-in capital from treasury stock 10,560 a. How many shares were...
What is the value for treasury stock and pic treasury stock??! I don’t know what I’m...
What is the value for treasury stock and pic treasury
stock??!
I don’t know what I’m doing wrong. Please help
HW Score: 58.16%, 4.07 of 7 pts Question Help * More Info May Jul Nov 4 22 22 Issued 22,000 shares of no-par common stock at $11 per share. Purchased 1,000 shares of treasury stock at $8 per share. Sold 900 shares of treasury stock at $12 per share. Print Done 2 Check Answer ear All 4))) ? )/? 4)...
QUESTION 3 Bramble Corp. acquired 22200 shares of its own common stock at $21 per share on February 5. Year 17, and sold 11100 of these shares at $28 per share on August 9, Year 18. The fair value of Bramble's common stock was 525 per share at December 31, Year 17, and 526 per share at December 31, Year 18. The cost method is used to record treasury stock transactions. What accounts) should Bramble credit in 2018 to record...
Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock at $15 per share and 8,000 shares of $50 par value, eight percent preferred stock at $85 per share. Later, the company purchased 3,000 shares of its own common stock at $20 per share. X X 0x X X a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Inland sold 2,000 shares of the treasury stock...
Treasury Stock Coastal Corporation issued 25,000 shares of $8 par value common stock at $20 per share and 6,000 shares of $53 par value, eight percent preferred stock at $61 per share. Later, the company purchased 3,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $29 per share. Prepare...
Treasury Stock Coastal Corporation issued 25,000 shares of $6 par value common stock at $18 per share and 6,000 shares of $50 par value, eight percent preferred stock at $79 per share. Later, the company purchased 3,000 shares of its own common stock at $21 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares. b. Assume that Coastal sold 2,000 shares of the treasury stock at $27 per share. Prepare...
15-15
Required: Prepare memorandum and journal entries to record the preceding transactions. 16.15 Treasury stock, Cost Method On January 1. Larain Corporation had 2.000 shares of Par 187 authorized and outstanding. These shares were originally issued at a price of $26 per These shares were originally issued at a price of $26 per share. In addition, 500 shares of $50 par preferred stock were outstanding. These were issued at a price of 7o Pet following stock transactions occurred: outstanding. These...
What is the value for treasury stock and pic treasury
stock??!
I don’t know what I’m doing wrong. Please help
HW Score: 58.16%, 4.07 of 7 pts Question Help * More Info May Jul Nov 4 22 22 Issued 22,000 shares of no-par common stock at $11 per share. Purchased 1,000 shares of treasury stock at $8 per share. Sold 900 shares of treasury stock at $12 per share. Print Done 2 Check Answer ear All 4))) ? )/? 4)...
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