Subsequent reissuance of the treasury stock

Reference no: EM13133294

Treasury stock was acquired for cash at a price in excess of its par value. the treasury stock was subsequently reissued for cash at a price in excess of its acquisition price. Assuming that the cost method of accounting for treasury stock transaction is used, what is time effect of the subsequent reissuance of the treasury stock on each of the following?

additional paid-in-capital | retained earning | total stock.equity

a. decrease decrease no effect

b. increase increase increase

c. increase no effect increase

d. no effect no effect no effect

Reference no: EM13133294

Questions Cloud

Did the corporation recognize any gain as a result : Was the gain realized by the shareholder on the exchange recognized by the shareholder? Yes or no, and why or why not?

What is maxwell gross income from the above : In 2009, the corporation issued a 30% stock dividend to all common shareholders with an option of receiving either the stock or $30,000. Maxwell selected the stock. What is Maxwell's gross income from the above?

Explain ferromagnetic artifacts for each plot is determined : For this purpose, a random sample of 55 plots, each of size 100 square meters, is used. The number of ferromagnetic artifacts for each plot is determined.

Calculate the change in temperature : Calculate the change in temperature for 4.50 g of CaCl2 dissolved in 90.0 mL of H20. Assume that the calorimeter absorbs no heat (ie. Ccal=0)

Subsequent reissuance of the treasury stock : Assuming that the cost method of accounting for treasury stock transaction is used, what is time effect of the subsequent reissuance of the treasury stock on each of the following?

Determine mondial corporation taxable income : Mondial Corporation's financial accounting records show it had gross revenue of $980,000, cost of goods sold of $420,00, operating expenses of $380,000 and $4,000 of dividends received from a 40% owned company.

What are the ending capital balances for each partner : The net income for the year is $30,000. What are the ending capital balances for each partner?

Calculate the expected change in temperature : calculate the expected change in temperature for 4.5 g of NH4NO3 dissolved in 100.0 mL of H20. Assume that the calorimeter absorbs no heat. (ie. Ccal=0)

Explain the observations aziridines : Explain the following observations. 1. Aziridines, compounds that contain nitrogen in a three-membered ring, undergo pyramidal inversion much more slowly than do other alkylamines.

User Account

All Pages