Total stockholders equity-total paid-in capital

Assignment Help Accounting Basics
Reference no: EM13818346

Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders' equity?

The treasury stock purchased in the above question was resold by Chen, Inc. for $15,000. What effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders' equity?

Format your response consistent with APA guidelines.

Reference no: EM13818346

Questions Cloud

What is the expected project completion data : What is the expected project completion data? What is the scheduled start and completion date for each activity? Which activities are on the critical path? How long can noncritical path activities be delayed without jeopardizing the overall completio..
Can you have a u.s. management style in these countries : Can you have a U.S. management style in these countries
The marginal factor cost curve for a monophony : The marginal factor cost curve for a monophony: The marginal factor cost curve for a monopsony: Which of the following Lorenz curves is closest to the diagonal line?
Explain how organizations use social media : Explain how organizations use social media to communicate with their consumers through a crisis and evaluate how the negative comments were handled by the organizations. Assess a recommendation for better communication and explain why
Total stockholders equity-total paid-in capital : Chen, Inc. purchases 1,000 shares of its own previously issued $5 per common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, an..
Which is an example of a natural monopoly : How does the president most directly influence the Federal Reserve System? The Federal Reserve includes twelve. Which is an example of a natural monopoly? Which of the following circumstances usually comes before a period of economic contraction?
What are differences between brand name and corporate image : What are the differences between "brand name" and "corporate image"? Are these terms related? In a two to three page paper (not including the title and reference pages), explain your position.
Compare and contrast the characteristics of structure : Compare and contrast the characteristics of structure, process, and outcome measures, and explain which category or categories your chosen measure relates to. Also, indicate the dimensions of quality with which these measures are associated.
Decreasing-charge depreciation methods : Differentiate between the decreasing-charge depreciation methods and the special depreciation methods, and suggest the method that would result in the highest depreciation during the first year of operations.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  What will her retirement account be worth at the end

After completing her residency, an obstetrician plans to invest $10,000 per year at the end of each year in a low-risk retirement account. She expects to earn five percent for 35 years. What will her retirement account be worth at the end of these..

  On november 7 1997 the black and michael blue companys

on november 7 1997 the black and michael blue companys board of directors declared cash dividends of 75000. dividends

  Final record value if two-transaction method is used

A U.S. firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value if the two-transaction met..

  What organizations are responsible for governing financial

what organizations are responsible for governing financial reporting? what is the role of each organization? how have

  Budgeted production for the second quarter

Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. Budgeted production for the second quarter should

  Direct-material price variance

Assume that the company computes variances at the earliest point in time. Taylor's direct-material price variance was:

  Nature of gain or loss from disposition of machine

It was inherited by an individual who did not use the machine in business and was sold on November 22, 2009, for $53,000. Discuss the amount and nature of the gain or loss from disposition of the machine?

  Describes tax ramifications of particular vehicle purchase

Prepare a memo to Ed that describes the tax ramifications of particular vehicle purchase - formulate your communication strategy.

  A firm utilizes a strategy of capital rationing which is

a firm utilizes a strategy of capital rationing which is currently 250000 and is considering the following 2 projects

  The practice of accounting and its uses in the business.

Address how basic financial statements and their usefulness to external users, transactions using debit and credit rules, and journalizing business transactions concepts relate to the practice of accounting and its uses in the business.

  Reliable cars has sales of 807200 total assets of 1105100

reliable cars has sales of 807200 total assets of 1105100 and a profit margin of 9.68 percent. the firm has a total

  Hoen manufacturing company experienced the following

hoen manufacturing company experienced the following accounting events during its first year of operation. with the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd