What was the sales price per share of the

Assignment Help Accounting Basics
Reference no: EM13915280

The following correctly prepared entries without explanations pertain to Corners Corporation:

252_264-B-A-C (274).png

The original sale (Entry 1) was for 200,000 shares, and the treasury stock was acquired for $6 per share (Entry 2). 

Required: 

a. What was the sales price per share of the original stock issue? 

b. How many shares of stock did the corporation acquire in Entry2?

Reference no: EM13915280

Questions Cloud

Are the results related to the hypothesis : Are the results related to the hypothesis? Is the discussion of the results consistent with the actual results? Does the discussion provide closure to the initial hypothesis presented by the author?
State the null and alternative hypotheses : A soft-drink machine at a steak house is regulated so that the amount of drink dispensed is approximately normally distributed with a mean of 200 milliliters. (a) State the null and alternative hypotheses if we wish to check if the machine is calib..
What is the required rate of return on the investors portfo : An investor is forming a portfolio by investing $55,000 in stock A that has a beta of 1.33, and $75,000 in stock B that has a beta of 0.95. The market risk premium is equal to 6.30% and Treasury bonds have a yield of 4.25%. What is the required rate ..
Calculate the payback period and Calculate the NPV : McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $730 per set and have a variable cost of $330 per set. The company has spent $143,000 for a marketing study that determined the company will sell 55,000 sets per year ..
What was the sales price per share of the : a. What was the sales price per share of the original stock issue?
Some debt in its capital structure : Sometimes, the management of a corporation will waste a firm’s resources on things like lavish office furnishings and a corporate jet. Is this behavior more likely to occur when the firm is 100% equity financed or when it has some debt in its capital..
N annuity is defined as series of payments of fixed amount : An annuity is defined as a series of payments of a fixed amount for a specific number of periods. Thus, $100 a year for 10 years is an annuity, but $100 in Year 1, $200 in Year 2, and $400 in Years 3 through 10 does not constitute an annuity. However..
Set up a spreadsheet to calculate the total amount of divide : Notice the use of the IF function. The IF function looks like =IF (condition, true, false). To use the IF function; first describe a certain condition to Excel. Next indicate the desired result if that condition is found to be true. Finally, indicate..
Preparing strategy audit report : Using the tools and framework learned in class and throughout the program, prepare a 15-page strategy audit of your company with a companion presentation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A local credit card company receives a constant flow of

a local credit card company receives a constant flow of cash from its customers. the checks are deposited continuously

  Fixed expenses of entire company

In the most recent month, Product D99P had sales of $33,000 and variable expenses of $15,840. Product G71P had sales of $42,000 and variable expenses of $4,410. The fixed expenses of the entire company were $49,790.

  A company borrowed 300000 cash from the bank by signing a

a company borrowed 300000 cash from the bank by signing a five-year 8 installment note. the present value factor for an

  According to the standards what direct labor cost should

skychefs inc. prepares in-flight meals for a number of major airlines. one of the companys products is grilled salmon

  Fixed costs for the production and marketing

Suppose the product manager of a new Flower Mills cereal has determined that the appropriate wholesale price for a carton of the new cereal is $48. The fixed costs for the production and marketing of the new product are $15million.

  Computer equipment was acquired at the beginning of the

1. computer equipment was acquired at the beginning of the year at a cost of 65000 that has an estimated residual value

  To make sure they dont run out of music to sell at shows

hannah amp maggie are independent recording artists who manufacture all their cds by hand whole sale. in december

  Explain what is meant by the naive investor hypothesis and

explain what is meant by the naive investor hypothesis and the no-effects hypothesis in relation to firms accounting

  Provide an example of a transaction that creates

Provide an example of a transaction that creates the described effects for the separate cases a through g.

  Compute the gross-margin percentage for each product

the solution of this exercise 16-27 Alternative methods of joint-cost allocation, product-mix decisions. The Southern Oil Company buys crude vegetable oil.

  Enter the above transaction nov 17 into the cash receipts

prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary

  Emporia state university sells 4000 season basketball

emporia state university sells 4000 season basketball tickets at 180 each for its 12-game home schedule. give the entry

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