Mark Corporation repurchased its 300 equity shares for OMR 1.600 each having a face value of OMR 0.600 on 1st Feb 2019. The company reissued 120 shares of its treasury stock for OMR 1.4 on 5th May 2019. Again on, 11th July 2019, the balance of the reacquired shares were reissued for OMR 2.5 each. Journalize the transactions connected to Treasury stock and comment on its effect on equity at the end of the year

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Q: King Tut Corporation issued 6,600 shares of common stock, all of the same class; 3,400 shares are…

A: Journal entries are prepared to record the financial and non financial transactions of the business.

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A: Shares that are repurchased and cancelled by the company are called as retired shares.

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A: Inventory means the stock of goods in hand . Goods means the thing in which the business deals and…

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A: When stock are issued at price which is more than the par value, the excess amount is transferred to…

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A: Journal Entry is the primary step to record the transaction in the books of accounts. The increase…

Q: Deborah Corporation had the following Treasury stock transactions during May 2020.  Please record…

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Q: On January 1, 2020, Vaughn Manufacturing issued 15,000 shares of $4 par value common stock for…

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Q: Prepare the necessary journal entries for the following transactions:   On April 5, 2021, Graham…

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A: The issued shares remains constant until the shares are retired or new shares are issued.

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A: Diluted Earnings Per Share (EPS) is a financial metric that calculates the earnings per share for a…

Q: Calculate the balance of common shares at the end of 2022.

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Q: Blue Devil Inc. completed the following transactions of stock issuance, treasury stock and stock…

A:

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.