User Account

All Pages

Which is true regarding the sale on january for bop inc

Assignment Help Financial Accounting
Reference no: EM132873241

Question 1: BOP Inc. purchased 15,000 shares of its $2 par value common stock on Sept 23 2018 for $24 per share. They plan to hold these shares in the treasury. BOP sold 10,000 of these shares on January 10, 2019 for $22 per share. Which of the following is true regarding the sale on January 10, 2019?

a). Equity increases $20,000
b) Equity increases $240,000
c) Equity increases $360,000
d) Equity increases $220,000

 

Reference no: EM132873241

Questions Cloud

Which set of projects should be accepted : Risky as the firm's existing assets and that the firm may accept all the projects or only some of them. Which set of projects should be accepted? Why?
What is the operating profit earned by the four products : Shenista Inc. produces four products (Alpha, Beta, Gamma, and Delta) from a common input. What is the operating profit earned by the four products
Strategic failures in health care-biotechnology industries : Do a search of media reports on apparent strategic failures in the health care or biotechnology industries
What is the total contribution margin for your selection : Sealing Company manufactures three types of DVD storage units. What is the total contribution margin for your selection
Which is true regarding the sale on january for bop inc : BOP sold 10,000 of these shares on January 10, 2019 for $22 per share. Which of the following is true regarding the sale on January 10, 2019?
Supply chain to automotive electric battery manufactures : Begin researching and writing up your section for the paper - Identified Automotive Electric Battery Manufacturers
Internship is opportunity to learn about how business works : An internship is an opportunity to learn about how a business works on both a large scale and on a day-to-day basis.
Why is important to keep patient accounts current : Why is it important that claims be reviewed prior to submitting them to any insurance company? Why is it important to keep patient accounts current?
What price will Lake McDonald Gift Shop charge : The National Parks Memory Card Game costs $20 each, What price will Lake McDonald Gift Shop charge for each National Parks Memory Card Game

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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