T Corporation is authorized to issue 500,000 common stock at $10 par value. As of December 31, 2019 the corporation has 350,000 common stock issued and outstanding. On February 14, 2020, the market price of the stock is $17. On the same date, T Corporation acquired 50,000 stocks at $15. On March 5, 2020, the company reissued 25% of the treasury stocks at $20. Which of the following will be included in the entry to record the transaction on March 5, 2020?

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A: Journal entries are entered in accounting records to record a business transaction in general…

Q: Required: 1. National Supply reacquired shares of Its common stock in two separate transactions and…

A: Shares refer to the unit issued by the company to raise funds from the market by making an agreement…

Q: On January 1, 2021, Tonge Industries had outstanding 760,000 common shares ($1 par) that originally…

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Q: In 2018, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2019,…

A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

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A: A stock dividend is a corporate action in which a company distributes additional shares of its own…

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A: The company can issue shares in order to gather funds to conduct the business.

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A: Treasury stock seems to be the share in a corporation that has been bought by the issuer. The…

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A: “Hey, since there are multiple questions posted, we will answer first three questions. If you want…

Q: On April 1, 2020, Giants Company issued 2,500 shares of its $10 par common stock and 5,000 shares of…

A:

Q: Flint Corporation has outstanding 1,900 $1,000 bonds, each convertible into 70 shares of $10 par…

A: Bonds are a form of loan or debt being taken by the business. Bonds can be convertible or non…

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Q: A company has outstanding 366 $1,000 bonds, each convertible into 28 shares of $12 par value common…

A: Bonds payable = 366 * $ 1000 = $ 366000 Common Stock = 366 * 28 shares * $ 12 par value = $ 122976

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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.