subject
Business, 13.08.2019 00:20 Jaressayf4466

Question cpa-0544baker co. issued 100,000 shares of common stock in the current year. on october 1, baker repurchased 20,000 shares of its common stock on the open market for $50.00 per share. at that date, the stock's par value was $1.00 and the average issue price was $40.00 per share. baker uses the cost method for treasury stock transactions. on december 1, baker reissued the stock for $60.00 per share. what amount should baker report as treasury stock gain at december 31? a. $0b . $200,000 c. $400,000 d. $980,000

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:50
The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?
Answers: 2
question
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
question
Business, 22.06.2019 17:20
Arecession is defined as a period in which
Answers: 1
question
Business, 22.06.2019 19:00
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
Answers: 2
You know the right answer?
Question cpa-0544baker co. issued 100,000 shares of common stock in the current year. on october 1,...
Questions
question
Geography, 19.09.2019 14:30
Questions on the website: 13722360