subject
Business, 16.07.2019 00:40 NLMB2614

On the date of its incorporation, pinnacle manufacturing issued 50,000 shares of $5 par common stock at $7 per share. later, over the course of 2017, pinnacle acquired 10,000 shares of its outstanding common stock at a price of $9 per share and accounted for them using the cost method. then, in march 2018, pinnacle sold these shares at a price of $8 per share. outside of these events, pinnacle has not issued or acquired any additional common stock. given this information, pinnacle’s sale of treasury stock must have

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 06:30
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
question
Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
Answers: 1
question
Business, 22.06.2019 16:00
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
You know the right answer?
On the date of its incorporation, pinnacle manufacturing issued 50,000 shares of $5 par common stock...
Questions
question
Mathematics, 25.11.2021 07:00
question
Mathematics, 25.11.2021 07:00
Questions on the website: 13722363