Business, 17.03.2020 03:31 mtmtcow4752
At its date of incorporation, Glean, Inc., issued 100,000 shares of its $10 par common stock at $11 per share. During the current year, Glean acquired 30,000 shares of its common stock at a price of $16 per share and accounted for them by the cost method. Subsequently, these shares were reissued at a price of $12 per share. There have been no other issuances or acquisitions of its own common stock. What effect does the reissuance of the stock have on the following accounts?
1. A decrease in both retained earnings and additional paid-in capital
2. No effect on retained earnings and a decrease in additional paid-in capital
3. A decrease in retained earnings and no effect on additional paid-in capital
4. No effect on retained earnings or additional paid-in capital
Answers: 1
Business, 21.06.2019 21:00
Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.
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Describe what fixed costs and marginal costs mean to a company.
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At its date of incorporation, Glean, Inc., issued 100,000 shares of its $10 par common stock at $11...
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