Business, 18.06.2020 02:57, joThompson
Pina Corporation is authorized to issue 48,000 shares of $5 par value common stock. During 2020, Buffalo took part in the following selected transactions.
1. Issued 4,600 shares of stock at $48 per share, less costs related to the issuance of the stock totaling $8,100.
2. Issued 1,000 shares of stock for land appraised at $48,000. The stock was actively traded on a national stock exchange at approximately $49 per share on the date of issuance.
3. Purchased 490 shares of treasury stock at $45 per share. The treasury shares purchased were issued in 2016 at $42 per share.
A. Prepare the journal entry to record item 1.
B. Prepare the journal entry to record item 2.
C. Prepare the journal entry to record item 3 using the cost method
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 03:50, raieliz1414
Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince
Answers: 1
Business, 22.06.2019 04:30, awdadaddda
Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.
Answers: 3
Business, 22.06.2019 11:10, chloeholt123
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
Business, 22.06.2019 16:50, amayarayne5
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
Do you know the correct answer?
Pina Corporation is authorized to issue 48,000 shares of $5 par value common stock. During 2020, Buf...
Questions in other subjects:
Chemistry, 17.01.2020 21:31
Biology, 17.01.2020 21:31
