Business, 18.01.2021 14:00 sindy35111

In 2018, Borland Semi-conductors entered into the transactions described below. In 2015, Borland had issued 195 million shares of its $1 par common stock at $39 per share. Required:
1. On January 2, 2018, Borland re-acquired 12 million shares at $37.50 per share.
2. On March 3, 2018, Borland re-acquired 12 million shares at $41 per share.
3. On August 13, 2018, Borland sold 1 million shares at $47 per share.
4. On December 15, 2018, Borland sold 2 million shares at $41 per share.

Answers: 3

Show answers

Answers

Answer from: rileyallen4186pd5tgy

Solution :

Serial No. Date given Journal Debit Credit

1). 02 Jan, 2018 Common stock $ 12

Paid-in-capital

excess of the par $ 456

Paid-in-capital

share repurchased $ 18

Cash $ 450

2). 03 March, 2018 Common-stock $ 12

Paid-in-capital

excess of the par $ 456

Paid-in-capital

share repurchased $18

Retained earnings $ 6

Cash $ 492

3). 15 Dec, 2018 Cash $ 82

Common-stock $ 2

Paid-in-capital

excess of the par $ 80

Answer from: Quest

answer: e

explanation:

Answer from: Quest

The correct answer is "b) net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

Another question on Business

Business, 22.06.2019 04:40

Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a.they set the prime rateob.they monitor functioning of banks in their through onsite and offsite reviewsc.they assess taxes in their destnictd.they write fiscal policies

Answers: 1

Answer

Business, 22.06.2019 18:30

> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.

Answers: 1

Answer

Business, 22.06.2019 19:10

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills

Answers: 3

Answer

Business, 22.06.2019 20:00

Double corporation acquired all of the common stock of simple company for

Answers: 1

Answer

You know the right answer?

In 2018, Borland Semi-conductors entered into the transactions described below. In 2015, Borland had...

Questions