subject
Business, 29.08.2019 16:30 zarek93

The vernon corporation was formed on january 2, 2018. the company sold 20,000 shares of $8.00 par value stock for $20.00 per share. on july 1, 2018, vernon bought back 4,000 shares of stock for $24.00 per share. the treasury stock was resold on september 1, 2018 for $32.00 per share. which one of the following is the correct entry to record when vernon acquires its shares to hold as treasury stock?
a) dr treasury stock 96,000 cr cash 96,000b) dr investments 96,000 cr cash 96,000c) dr common stock 96,000 cr cash 96,000d) dr retained earnings 96,000 cr cash 96,000

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.
Answers: 1
question
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
Answers: 1
question
Business, 22.06.2019 06:00
Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
Answers: 1
question
Business, 22.06.2019 07:00
Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805
Answers: 1
You know the right answer?
The vernon corporation was formed on january 2, 2018. the company sold 20,000 shares of $8.00 par va...
Questions
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Biology, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Spanish, 13.09.2020 23:01
question
Biology, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Biology, 13.09.2020 23:01
question
Geography, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
question
English, 13.09.2020 23:01
question
Arts, 13.09.2020 23:01
question
Mathematics, 13.09.2020 23:01
Questions on the website: 13722361