Total paid-in capital and total stockholders equity

Reference no: EM13817854

Write a response to the following scenario:

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: EM13817854

Questions Cloud

Make decisions based on the project budget : identified vendors and make decisions based on the project budget and schedule. It is essential to determine how the organization will determine the best response to the proposal's individual vendors

Create your own analysis of the community stakeholder : Illustrate the message's view of the audience and stakeholders based on the written profile. Create your own analysis of the community stakeholders and audience using the demographics, geographics, psychographics, sociographics, usergraphics, and ..

Determining the types of subsequent events : Why should the auditor review transactions and events that occurred after the balance sheet date? Does this responsibility extend indefinitely? What are the types of subsequent events that must be evaluated by the auditor and what actions should b..

Create analysis of the community stakeholders and audience : Create your own analysis of the community stakeholders and audience using the demographics, geographics, psychographics, sociographics, usergraphics, and webographics

Total paid-in capital and 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?

Differences between lifo-fifo methods : LIFO vs. FIFO: The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller's bonus is based on the net income. It is the controller's belief that the switch in inventory m..

Define risks to your plan and impact of stakeholders : Your list of the stakeholders whose approval/support will be necessary for your success. Take the time to ensure your list of stakeholders is as complete as possible.

Negotiation-ethics and effective leadership : The purpose of this assignment is to examine the relationship between negotiation, ethics, and effective leadership.

Examine arguments used by the framers of the constitution : Identify specific examples in the language of prior decisions. Examine some of the arguments used by the framers of the Constitution while debating the language of the document. Include any philosophical underpinning that might influence the court's ..

User Account

All Pages