Business, 08.10.2019 02:10 poptropic7932
Teal corporation is authorized to issue 54,000 shares of $5 par value common stock. during 2020, teal took part in the following selected transactions. 1. issued 5,100 shares of stock at $49 per share, less costs related to the issuance of the stock totaling $8,200. 2. issued 1,000 shares of stock for land appraised at $54,000. the stock was actively traded on a national stock exchange at approximately $50 per share on the date of issuance. 3. purchased 540 shares of treasury stock at $40 per share. the treasury shares purchased were issued in 2016 at $37 per share. (a) prepare the journal entry to record item 1. (b) prepare the journal entry to record item 2. (c) prepare the journal entry to record item 3 using the cost method.
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Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
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Business, 22.06.2019 20:00
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
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Teal corporation is authorized to issue 54,000 shares of $5 par value common stock. during 2020, tea...
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