On october 1, 2017, adoll company acquired 2,900 shares of its $1 par value stock for $35 per share and held these shares in treasury. on march 1, 2019, adoll resold all the treasury shares for $31 per share. which of the following entries would be recorded when adoll company resells the shares of treasury stock?
a.
cash additional 89,900
paid-in capital common stock 11,600
common stock 101,500
b.
cash 89,900
loss on sale of treasury stock 11,600
treasury stock 101,500
c.
cash 89,900
additional paid-in capital 11,600
treasury stock 101,500
d.
cash 89,900
common stock 2,900
additional paid-in capital 87,000

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4