Q 15.33: In 2014, Prosser Incorporated conducted its initial public stock offering, selling 100,000 shares of $10 par common stock for $22 each. Later, in 2019, Prosser purchased 10,000 of these shares for $34 per share and opted to hold them as treasury stock. Then, on June 15, 2020, Prosser exchanged these 10,000 shares for a piece of property with an assessed value of $300,000. As of June 15, 2020, Prosser’s stock is actively traded and has a market price of $38 per share. Assuming Prosser uses the cost method to account for treasury stock, what amount of paid-in capital from treasury stock transactions would result from the events described above?

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.