Assume that a company paid $6 per share to purchase 1,100 of its $3 par common as treasury stock. Assume that a company paid $6 per share to purchase 1,100 of its $3 par common as treasury stock. The purchase of treasury stock:
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Assume that a company paid $6 per share to purchase 1,100 of its $3 par common as treasury stock. Assume that a company paid $6 per share to purchase 1,100 of its $3 par common as treasury stock. The purchase of treasury stock:
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- Assume that a company paid...Accounting questionThe shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares. A firm that sold one share of $1 par value common stock for $10 would Select one: a. Debit common stock for $1. b. Debit common stock for $10. c. Credit common stock for $1. d. Credit common stock for $10. For a bond issued at par, the cash received upon issue equals the present value of the bond’s Select one: a. Principal repayment minus the interest payments. b. Principal repayment and interest payments. c. Principal repayment. d. Interest payments.Before Concord Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of Par-Common Stock Common Stock Retained Earnings $108,600 $282,900 $75,300 Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Bought 390 shares of treasury stock at $39 per share. (b) Bought 290 shares of treasury stock at $45 per share. (c) Sold 330 shares of treasury stock at $41 per share. (d) Sold 110 shares of treasury stock at $37 per share.
- 1. Shares in the ownership of the company. a. Stocks b. Bonds c. Dividend d. Coupon 2. The interest-bearing security which promises to pay amount of money on a certain maturity date as stated in the bond certificate. a. Stocks b. Bonds c. Dividend d. Coupon 3. A property holding declared a dividend of P9 per share for the common stock. If the common stock closes at P76, how large is the stock yield ratio on this investment? a. 27. 17% b. 27.07% c. 11.04% d. 11.84% 4. Suppose that a bond has a face value of P100,000 and its maturity date is 10 years from now. The coupon rate is 5% payable semi-annually. Find the fair price of this bond, assuming that the annual market rate is 4%. a. 108,412.43 b. 108,612.43 c. 108,512.43 d. 108,712.43 5. Measure of a portion of the stock market a. Value of the index c. stock market index d. dividend index 6. Investors are guaranteed interest payments and return of their money at maturity b. Change of the index date. a. Stocks b. Bonds c. Dividend d.…Under the par value method, the balance in the Treasury Stock account for a company's common stock is equal to the average amount of paid in capital of the company's outstanding shares O reported as a reduction of the balance of the common stock account reported as a reduction of total stockholders' equity O equal to the cost to reacquire the treasury shares.Before Pronghorn Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of Par—Common Stock Common Stock Retained Earnings $107,700 $244,800 $75,400 Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (a) Bought 370 shares of treasury stock at $40 per share. (b) Bought 310 shares of treasury stock at $44 per share. (c) Sold 330 shares of treasury stock at $42 per share. (d) Sold 100 shares of treasury stock at $38 per share.
- A company declares a 5% stock dividend. The debit to Retained Earnings is anamount equal toa. the market value of the shares to be issued.b. the par value of the shares to be issued.c. the book value of the shares to be issued.d. the excess of the market price over the original issue price of the shares to be issued.Before Gordon Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $10 per share). Paid-in Capital in Excess of Par—Common Stock Common Stock Retained Earnings $108,000 $220,000 $40,000 Instructions Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. a. Bought 375 shares of treasury stock at $45 per share. b. Bought 320 shares of treasury stock at $56 per share. c. Sold 330 shares of treasury stock at $50 per share. d. Sold 120 shares of treasury stock at $37 per share.When treasury stock is purchased for more than the par value of the stock and the cost method is used to account for treasury stock, what account(s) should be debited? * Treasury stock for the par value and paid-in capital in excess of par for the excess of the purchase price over the par value. Paid-in capital in excess of par for the purchase price. Treasury stock for the purchase price. Treasury stock for the par value and retained earnings for the excess of the purchase price over the par value. When a share split occurs, the aggregate par value of issued shares will change. * True False
- A stock's par value refers to the: O A. Issue price of the stock. O B. Value assigned per share by the corporate charter. O C. Market value of the stock on the date of the financial statements. D. Maximum selling price of the stock.A journal entry for the sale of $5-par common stock for $15 per share would include a debit to Cash. a debit to Common Stock. a debit to Treasury Stock. a debit to Paid-In Capital in Excess of Par - Common Stock.At what payout percentage is a stock dividend typically considered a stock split, in accordance with the recommendation of the Financial Accounting Standards Board? a. 15% b. 33% c. 25% d. 10%
