Business, 05.05.2020 07:56 jahnasiahill5349

Carbide Corporation purchased 31,000 shares of its own stock from investors for $43 per share. The next year, the company resold 4,000 of the repurchased shares for $42 per share, and the following year it resold 10,000 of the repurchased shares for $26 per share.

Determine the impact of each of these transactions on the following classifications: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank.)

Asset

liabilities

Stockholder equity

Net income

Purchase 31,000 shares of treasury stock

Sold 4,000 shares

Sold 10,000 shares

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 15:00

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Answers: 2

Answer

Business, 22.06.2019 16:30

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

Answers: 1

Answer

Business, 23.06.2019 10:00

How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the business going by considering how much the product is worth to the consumer

Answers: 3

Answer

Business, 24.06.2019 03:50

What has the greatest potential to demotivate you and lead you to unproductive activities? goals that are difficult to achieve multiple goals within a short-term period goals that are the same as other people’s goals restructuring a long-term goal

Answers: 3

Answer

You know the right answer?

Carbide Corporation purchased 31,000 shares of its own stock from investors for $43 per share. The n...

Questions

Business, 19.04.2020 23:15

Alfred has plotted revenue and cost graphs for his pastry business. He’s testing a number of cost assumptions against his business’s revenue. Which tw...