User Account

All Pages

What is the balance in Paid-In Capital from Sale

Assignment Help Accounting Basics
Reference no: EM132878405

Problem - Treasury stock transactions - Deer Creek Inc. bottles and distributes spring water. On April 27 of the current year, Deer Creek reacquired 15,000 shares of its common stock at $60 per share. On July 13, Deer Creek sold 9,000 of the reacquired shares at $72 per share. The remaining 6,000 shares were sold at $59 per share on October 8.

Required -

a. Journalize the transactions of April 27, July 13, and October 8.

b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?

c. For what reasons might Deer Creek have purchased the treasury stock?

Reference no: EM132878405

Questions Cloud

Describes the targeted audience of the communication : Describes the targeted audience of the communication. Examine the elements, both written and visual, incorporated into the communication for particular audience
Foreseen for human resource professionals : Discuss 2 principle changes that is foreseen for human resource professionals who will be working internationally.
Impact of historical research on businesses : Describe the nature of the researcher's investigation. Identify improvement in efficiency or productivity that occurred as a result of researcher's influence.
Implemented performance management system : -Design an appeals process to handle employee complaints about the newly implemented performance management system.
What is the balance in Paid-In Capital from Sale : Deer Creek reacquired 15,000 shares of its common stock at $60 per share. What is the balance in Paid-In Capital from Sale
Administering a collective agreement : What difficulties do you think could occur while administering a collective agreement?
Draft a company policy for bereavement leave : Draft a company policy for Bereavement Leave for your province (Use Email format)
Review performance expectations-received verbal warning : A. Jan was using the company network system to locate childcare facilities in her local community. Her supervisor observed this and then sought confirmation
Inefficiencies in Managing Human Resources : Identify inefficiencies in the way that human resources are utilized in a business at which you have worked in the past or with which you are familiar.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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