Assume that a company paid...Accounting question Assume that a company paid $6 per share to purchase 1,100of its $3 par common as treasury stock. Assume that acompany paid $6 per share to purchase 1,100 of its $3 parcommon as treasury stock. The purchase of treasury stock:a. increased total equity by $3,300.b. decreased total equity by $3,300.c. decreased total equity by $6,600.d. increased total equity by $6,600.

Step 1: Define Stock RepurchaseA stock repurchase also known as share buyback is the company's…

Answered: Assume that a company paid $6 per share…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 12MCQ

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Assume that a company paid $6 per share to purchase 1,100 shares of its $3 par common stock as treasury stock. The purchase of treasury stock A. increased total equity by $3,300. B. decreased total equity by $3,300. C. decreased total equity by $6,600. D. increased total equity by $6,600.
Assume that a company paid $6 per share to re-purchase 1,100 of its $3 par value common stock. The purchase of this treasury stock: Group of answer choices increased total equity by $6,600 increased total equity by $3,300 decreased total equity by $3,300 decreased total equity by $6,600
Please help me with show all calculation thanku
A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it at cost. What will be the effect on total stockholders' equity? a.decrease by $171,270 b.increase by $171,270 c.decrease by $76,120 d.increase by $76,120
Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. Which of the following is recorded at the time of the purchase? a. Debit Treasury Stock for $32,000. b. Debit Common Stock for $30,000. c. Debit Common Stock for $32,000. d. Debit Treasury Stock for $2,000.
I need this question answer general Accounting
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.
The book value per share of common stock of Lawrence Company is $10. 500 Shares of treasury stock are purchased for $14 per share. How would this transaction affect retained earnings and book value per share? Book value per share = Total stockholders' equity/Number of common shares outstanding Select one: a. No effect on retained earnings and decrease book value per share b. Cannot be determined from the information provided c. No effect on retained earnings and increase book value per share d. Decrease retained earnings and increase book value per share e. Decrease retained earnings and decrease book value per share
Answer? ? Financial accounting question
If a company issues 10,000 shares of $2 par value common stock at a market price of $30 per share, which of the following is the correct balance sheet entry? A. Increase revenues by $300,000 B. Increase common stock and cash by $20,000 C. Increase cash by $300,000 and increase common stock by $20,000 D. Increase cash by $300,000 and increase additional paid-in capital by $20,000
A corporation originally issued $6 par value common stock for $11 per share. It purchased the stock for $13 per share. Which of the following is included in the entry to record the sale of 20 shares of treasury stock for $19 per share? O A. Treasury Stock-Common is credited for $260. B. Paid - In Capital from Treasury Stock Transactions is credited for $380. O C. Treasury Stock-Common is credited for $380. D. Paid- In Capital from Treasury Stock Transactions is debited for $120.

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