Homework Answers
TREASURY SHARES
The enterprise issuing shares repurchased the stock or shares from its existing stockholders are called treasury shares. These bought back shares termed as treasury shares can be sold by company in future or can retire the shares permanently.
Treasury shares are reported as contra equity account and same are deducted from total outstanding shares.
They do not hold any voting right and does not receive any dividends
Explain the Treasury Shares & explain the Equity Investments.
Explain the Treasury Shares & explain the Equity Investments.
Question 3 Treasury stock is shares owned by the directors of a company. previously issued shares...
Question 3 Treasury stock is shares owned by the directors of a company. previously issued shares of a company that are now held for resale by the company. shares of a company held in reserve to eventually retire the debt of the company. shares that are not yet sold but could be sold at any time by a company. shares owned by the management of a company.
Question 5 Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 76,000 shares of...
Question 5
Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 76,000 shares of its common stock at $10 per share. On August 3, Buzz Off sold 54,000 of the reacquired shares at $13 per share. On November 14, Buzz Off sold the remaining shares at $8 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock Cash Aug....
E7-1 Suppose a company had 100,000 shares authorized, 60,000 shares issued, and no shares in treasury...
E7-1 Suppose a company had 100,000 shares authorized, 60,000 shares issued, and no shares in treasury as of January 1st. If the company had the stock transactions indicated below during the year, how many shares would be outstanding as of December 31st? • February 15th - repurchased 2,000 shares for treasury April 30th - declared a 20% stock dividend • July 1st - repurchased another 1,000 shares for treasury September 30th - declared a 3-for-1 stock split
11.2-28 Question Help Treasury bill returns are 7%, 6%, 5%, and 8% over four years. The...
11.2-28 Question Help Treasury bill returns are 7%, 6%, 5%, and 8% over four years. The standard deviation of returns of Treasury bills is: A. 1.55% В. 0.9% С. 1.29% D. 1.03%
The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares...
The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares 10,500 The number of outstanding shares is: Multiple Choice Ο Ο 23,500. Ο 18,500. Ο 44,500. Ο 34,000.
Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 820 shares of its outstanding...
Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 820 shares of its outstanding common stock for $9 per share. On March 1, 2019, Destiny sells 320 shares of treasury stock for $12 per share. On May 10, 2019, Destiny sells the remaining 500 shares of its treasury stock for $6 per share. Required: Prepare the journal entries to record these transactions. 2019 Feb. 1 Treasury Stock Cash (Record purchase of treasury shares) Mar. 1 Cash Treasury Stock...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; co...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
P 18-3 Reacquired shares comparison of retired shares and treasury shares • L018-5 > National Supply's...
P 18-3 Reacquired shares comparison of retired shares and treasury shares • L018-5 > National Supply's shareholders' equity included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 6 million shares at $1 par $ 6,000,000 Paid-in capital excess of par 30,000,000 Retained earnings 86,500,000 > Required: 1. National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each the transactions under each of two separate assumptions: the...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Question 5
Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 76,000 shares of its common stock at $10 per share. On August 3, Buzz Off sold 54,000 of the reacquired shares at $13 per share. On November 14, Buzz Off sold the remaining shares at $8 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock Cash Aug....
E7-1 Suppose a company had 100,000 shares authorized, 60,000 shares issued, and no shares in treasury as of January 1st. If the company had the stock transactions indicated below during the year, how many shares would be outstanding as of December 31st? • February 15th - repurchased 2,000 shares for treasury April 30th - declared a 20% stock dividend • July 1st - repurchased another 1,000 shares for treasury September 30th - declared a 3-for-1 stock split
11.2-28 Question Help Treasury bill returns are 7%, 6%, 5%, and 8% over four years. The standard deviation of returns of Treasury bills is: A. 1.55% В. 0.9% С. 1.29% D. 1.03%
The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares 10,500 The number of outstanding shares is: Multiple Choice Ο Ο 23,500. Ο 18,500. Ο 44,500. Ο 34,000.
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
P 18-3 Reacquired shares comparison of retired shares and treasury shares • L018-5 > National Supply's shareholders' equity included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 6 million shares at $1 par $ 6,000,000 Paid-in capital excess of par 30,000,000 Retained earnings 86,500,000 > Required: 1. National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each the transactions under each of two separate assumptions: the...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
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