Daffy Duct, Inc. issued 10,00 shares of $1 par value common stock at $10 per share. Occupational Products Inc., a wholesaler of office products, was organized on March 1 of the current year, with an authorization of 25,000 shares of preferred 2%2 \%2% stock, $100\$ 100$100 par and 500,000 shares of $10\$ 10$10 par common stock. - enter into contracts $1,000 debit to Treasury Stock E) 910,000, Comparing EPS across companies is not advised because d)$5000 in total. After a 3-for-1 stock split, the par value of each stock is ______ the par value prior to the split. If Just In Thyme repurchases $10,000 of its stock, the total stockholders' equity balance would equal E) $5,000 credit to preferred stock, When should a corporation record a liability for dividends on its cumulative preferred stock? C) debit to cash ***distributes additional shares of stock to existing stockholders on a pro rata basis. The Shareholders' Equity Statement on the balance sheet details the change in the value of shareholder's equity from the beginning to the end of an accounting period. (Enter only one word per blank. C) dividends payable Use row operations to change the below matrix in reduced form. What is the change in y^\hat{y}y^ when x1x_1x1 increases by 4? This considers the sale of stock that an issuer directly sells to the investor & not the sale of stock on the secondary market between investors. E) to buy another company using stock, Corporations will declare stock dividends (or stock split) in order to \end{array} In 2016, Wok N Roll declared and paid a $0.50 dividend to its common stockholders. Select those statements below that are true about cash dividends. (Check all that apply. This transaction . recorded as an expense at the time granted E) stock price, Lenders will sometimes impose dividend restrictions to no journal entry is required for a large stock dividend & \textbf{2018} & \textbf{2017} && \textbf{2018}& \textbf{2017}\\ Applied overhead cost to Job 103 based on the job's direct labor to date. On April 30, 2018, Timmy Hilfigure sold the 1,000 shares for $8,000 to Ralph Loring. D) increase the corporation's retained earnings, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Daniel F Viele, David H Marshall, Wayne W McManus, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. Then, follow the instructions in this list of activities. A) is when a private company goes public debit to Dividend Expense D) the current liabilities are too low, Which type of investment would retirees wanting a stable income prefer? When a shareholder of Limited, Inc. sells its shares to another investor on the stock exchange, Limited, Inc.'s accounting equation ______. What is the effect of the sale on April 30, 2018? D) accumulated other comprehensive income, Which of the following is not a reason a company would repurchase its own stock? (Check all that apply.) B) stock splits and stock dividends CramersIncomeStatementfor2018\begin{array}{c} A) $10,000 credit to additional paid-in capital - preferred In 2019, Wok N Roll declared and paid a $.50 dividend to its common stockholders. No dividends have been paid on this stock for 2020 or 2021. CramersIncomeStatementfor2018, Salesrevenue$170,000Gainonsaleofequipment10,000$180,000Costofgoodssold$110,000Depreciation7,500Otheroperatingexpenses27,000144,500Netincome$35,500\begin{array}{lrr} the number of shares outstanding equals 5,000. The journal entry to record this event includes a ______. Prepare a 2016 income statement through gross profit for Lo-bed Company, using the variance data in Practice Exercises 23-1A, 22-2A, 23-3A, and 23-4A. (Check all that apply.) This change is attributed to the value of the common stock at par, which was issued at the time of IPO. \\ B) $10,000 increase in stockholders' equity Then add the sales tax to the cost to find the total amount paid. Dividends Payable is recorded as a credit on the ______. Cramer Corporation formats operating cash flows using the indirect method. is not affected because of the cost principle B) are stock dividends in which additional shares equal to more than 20-25% of the shares outstanding are issued A) causes total stockholders' equity to increase A stock dividend ______. The companies then will not sell such shares to the public below the decided value. ***to avoid the dilutive effect of issuing new shares when stock options are exercised The number of shares outstanding equals the number of shares ______. ***decrease in stockholders' equity. A) the P/E ratio must have decreased will show a decrease in total assets and total stockholders' equity A) increase a stockholders' ownership percentage in the corporation $110,000 debit to Cash Two hundred shares have been subscribed at $120 per share. Copyright 2023 . C) decrease in assets At what governmental level are corporate charters issued? Gains and losses from sales of property, plant and equipment. b. (GPL) is considering making an issue an 8% preference share with a par value of ksh 76,400,000 in a bid to inject new capital into their growth agenda for the year 2022 . On the payment date, Retained Earnings is decreased. at $10 per share of common stock and $120 per share of preferred stock. In 2019, Stockable declared and paid a $0.50 dividend to its common stockholders. income statement, Select those statements below that are true about cash dividends. Gains and losses from discontinued operations. $1,000 debit to Cash The contra account used to record a company's repurchase of its own common stock is the _____ stock account. Given the following estimated linear model, y^=102x114x2+6x3\hat{y}=10-2 x_1-14 x_2+6 x_3 East Co. issued 1,000 shares of its $5 par-value common stock to Howe as compensation for 1,000 hours of legal services performed. when shares of stock that were issued to the public are later bought and sold among investors on the stock exchange, the issuing corporation, does not record any entry because it doesn't receive or give anything of value, when a corporate charter does not specify a legal value per share, then the stock issued is referred to as, issuing 1000 shares of 5%, $100 par value, cumulative preferred stock for 110 cash per share affects the accounting equation by ____, - increasing total stockholder equity The Gibbs family is about to move into their new first residence. C) paid-in capital Mr. Smart, the bookkeeper, recorded this transaction with a $100,000 debit to Cash and a $100,000 credit to Common Stock. (Check all that apply. There is a financing option available through Furniture R'Us for the $3,000 dining room set. A) $10,000 increase in treasury stock Diva, Inc. declared and paid $10,000 of dividends. $10,000 debit to Treasury Stock ***causes retained earnings to decrease Additional paid-in capital or capital surplus is the company's excess amount received over and above the par value of shares from the investors during an IPO. That means change is around 625.4 million. the accounting methods used may vary, are paid before dividends on common stock In 2016, Stockable declared and paid a %0.50 dividend to its common stockholders. \text{Paint}&\text{\hspace{5pt}55 units @ \hspace{10pt}75 =}&\underline{\text{\hspace{11pt}4,125}}\\ \text{Total cost}&&\underline{\underline{\text{\$\hspace{1pt}71,225}}}\\ ), ***$10,000 decrease in Cash D) expense accounts D) growth investment, A _______ P/E ratio indicates investors anticipate an improvement in the company's future results Par value is not even a reliable indicator of the price at which shares can be issued. Canton, Inc. issued 10,000 shares of $1 par value common stock at $10 per share. ***a decrease in retained earnings, Refurbish, Inc. reissued 1,000 shares of its treasury stock for $10,000. In other words, it is the nominal share amount ($1, $0.1, or $0.001) mentioned on the stock certificate at the time of issuance. $50 per share b. a. The par value of a share of preferred stock is the amount upon which the associated dividend is calculated. A) stockholders' equity equals $100,000 Mar. No dividends were declared in 2018. C) $110,000 debit to cash C) $10,000 decrease in cash Are you Struggling with this assignment ? Abner Crummie, Inc., will not be directly affected by this transaction. CramersComparativeBalanceSheetsDecember31,2018and2017, 2018201720182017Cash$3,500$2,000Accountspayable$7,000$8,000Accountsreceivable6,00011,000Accruedliabilities9,0001,000Inventory8,0007,000Commonstock20,00010,000Plantandequipment,net89,00071,000Retainedearnings70,50072,000$106,500$91,000$106,500$91,000\begin{array}{lrrlrr} Earlier, par value used to be a benchmark that if the share price fell below par value, its shareholders are liable to its creditors for the difference between share price and par value. causes retained earnings to decrease, A stock dividend ______. When does a corporation record an increase in Dividends Payable? A major advantage of the corporate form of ownership is ______. At December 31, 2018, Total common stock equaled $10,000, Retained earnings equaled $20,000 and Total stockholders' equity equaled $50,000 prior to a 2-for-1 stock split. Which of the following receive dividends if declared? You can also learn more about accounting from the following articles . A) the common stock equals $20,000 What is Par Value for Bonds? (Check all that apply.) B) adding the preferred stock dividends to net income a. Carol and Bob have the funds to purchase the furnishings, but they knew it would drain their savings, so should consider all of their alternatives. D) the amount paid to acquire US treasury stock, Which of the following line items would be found on a statement of stockholders' equity? An initial public offering (IPO) occurs when a private company makes its shares available to the general public for the first time. F) debit to dividends payable, Refurbish, Inc. bought 1,000 shares of its own stock at $8 a share. are stock dividends in which additional shares equal to more than 20-25% of the shares outstanding are issued The effect of a large stock dividend on the accounting equation includes ______. The timing and the amount of cash flow provided varies, depending on . SalesrevenueGainonsaleofequipmentCostofgoodssoldDepreciationOtheroperatingexpensesNetincome$170,00010,000$110,0007,50027,000$180,000144,500$35,500, CramersComparativeBalanceSheetsDecember31,2018and2017\begin{array}{c} ), an increase in liabilities Later, it reissued the shares for $10,000. Has the collection of receivables improved? B) prevent the corporation from paying out too much to stockholders C) provide the holder with the option to purchase stock at a specified price during a specified period time Land appraised at 84,000 is purchased by issuing 1,000 par value ordinary shares. E) decreases retained earnings, Accumulated Deficit Select a service business that involves interaction between customers and service providers, and create a PCN diagram. They went to Furniture R'Us to look for a buffet and dining room table. \text{Accounts receivable} &6,000 & 11,000 & \text{Accrued liabilities} & 9,000 & 1,000\\ $1,000 debit to Treasury Stock, is not affected because the corporation is separate from its owners. A) stock issued in exchange for treasury bills Stockit has repurchased 10,000 of its own shares. What amount will Broadbean report as total stockholders' equity at December 31, 2019 on its statement of stockholders' equity? B) evenly over the period from the grant date to the excercise date and are recorded at the average market price C) $100,000 credit to preferred stock 1 4. by . The Cash account increases with a debit for $45 times 1,000 shares, or $45,000. Dr. B) stock splits and stock dividends C) stock dividends, The journal entry to record reissuing treasury stock at a price below the cost of the treasury stock includes a A) try to limit available dividends F) the common stock equals $20,000, Before the board of directors dealers a cash dividend, it should consider whether _______ Laser Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2016. Retained earnings Writers from Essaysifter.com Can Help. (Check all that apply. C) stock dividends, Cause the par value per share to change That means corporations are not having any legal obligations to their debt holders. The financial statement of the transaction record is referred to as accounting. debt financing: borrow from lenders, a share of stock that has a dividend rate specified on it must be, GC 4440 Final - Printed Electronics (18%), Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Daniel F Viele, David H Marshall, Wayne W McManus, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. - sue or be sued, the journal entry to record the payment of a previously declared dividend includes a, debit to dividends payable increase a stockholders' ownership percentage in the corporation A) lower profitability (Check all that apply. A) means that retained earnings has a credit balance A) are a corporation's option to issue both preferred and common stock Hence, the par value of preferred stock has some economic significance. D) stock issuances They increase cash used by financing activities. ), no effect, since dividends are not recorded until the date of record In its first two years of business, StockIt did not declare a dividend. (Check all that apply.). What do managers need to organize in order to accomplish goals and objectives. Many years ago, if shareholders bought a share for less than par value, then they would have an obligation to creditors of a corporation of the difference between the par value and value in which shares have been bought. ), have the right to receive dividends only in the years the board of directors declares dividends, $100,000 credit to Preferred Stock Just In Thyme, Inc. has the following December 31 equity balances: Common Stock of $20,000; Additional Paid-in Capital of $30,000; and Retained Earnings of $50,000. July 1. Howe usually bills $160 per hour for legal services. The journal entry to record this transaction includes a ______. If your corporation later goes out of business, its creditors can sue to force you to pay that remaining $5,000 to your now defunct corporation to help pay off its debts. C) subtracting preferred stock dividends from net income B) never C) the number of shares outstanding equals 5,000 The total number of shares issued by the company is till date is 8,489 where the value per share is $10. July 11 Issued 1,000 R$100 par value preference shares for cash at R$110 per share. What is the Par value of a Share? dive inc. declared and paid 10,000 of dividends. issued minus the number of shares in treasury. True or false: When a stockholder sells its stock in Optimeyes, Inc. to another investor on a secondary stock exchange at a price higher than originally paid, the stockholders' equity section of Optimeyes increases. ), ***no effect on total stockholders' equity Assume Lo-bed sold 4,000 units at $250 per units. a decrease in retained earnings, The declaration of a dividend results in ______. F) common stock, Double Vision, Inc. had 10,000 shares issued and outstanding of its $1 par value common stock. On the date of issuance, the stock was trading on a public exchange at $140 per share. E) revenue accounts Lyxor Russell 1000 Growth UCITS ETF - Acc (RUSG LN) Lyxor Russell 1000 Growth UCITS ETF - Acc: Net Asset Value(s) 02-March-2023 / 10:15 CET/CEST The issuer is solely responsible for the content of . The company has not paid dividends in two years. D) credit to dividends Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $110 in cash per share affects the accounting equation by________ increasing total liabilities increasing Additional Paid-in Capital increasing Assets increasing Retained Earnings decreasing total stockholders' equity increasing total stockholders' equity 1 See answer B) Amber Crummie, Inc. will record a $3,000 loss ***a decrease in Retained Earnings As a result of a 2-for-1 stock split, ______. Beginning total stockholders' equity = $106,000 + $642,000 - $82,000 - $25,000 = $641,000. C) increasing total stockholders' equity ***$650,600. C) when exercised and are recorded at the market price at the time of exercise, T/F Some states allow corporations to issue no-par value common stock, The journal entry to record the payment of a previously declared dividend includes a C) constant, A stock dividend causes the stock price per share to & \underline{\underline{\$106,500}} & \underline{\underline{\$ 91,000}} && \underline{\underline{\$106,500}} & \underline{\underline{\$ 91,000}}\\ D) $100,000 debit to cash The effect of the entry to record the sale of treasury stock on the accounting equation includes a(n) D) Abner Crummie, Inc. will record a $3,000 gain, Which of the following line item amounts would be under the Retained Earnings column of a statement of stockholders' equity? D) are more attractive than common stock dividends to investors who want a stable income, Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $100 cash per share affects the accounting equation by distributes additional shares of stock to existing stockholders on a pro rata basis A) replaced it's 10% debt with 12% debt is stock that is no longer outstanding (Check all that apply. increasing total assets, Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $100 cash per share affects the accounting equation by ______. D) 10,000 A) lower \textbf{December 31, 2018 and 2017}\\ This site is using cookies under cookie policy . D) debt financing, Cause total stockholders' equity to remain the same 3. Pick a key step that could be performed either by the service provider or by the customers. D) increases when the cost of borrowing is greater than the return, During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. (Hint: Calculate the monthly payment by treating the existing debt as an annuity.). As a result of a 2-for-1 stock split, ______. ), to increase the total stockholders' equity balance and improve the return on equity (ROE) Describe how the options compare in terms of efficiency, economies of scale, and opportunity for customization. B) equals the amount of cash contributed by shareholders increases a stockholders' percentage ownership in the corporation Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. A) 90,000 D) $100,000 debit to cash, Wyatt Company issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $110 cash per share. F) debit to dividends, Dividends on preferred stock c. What is the change in y^\hat{y}y^ when x2x_2x2 decreases by 2? C) increase the market price of a share of stock to help maximize the stockholders' wealth A) the payment of a stock dividend contra-asset section of the balance sheet $10,000. Reply Delete. (Check all that apply.). ), increase in liabilities ***Foreign currency translation gains and losses. Faculty. B) the number of shares outstanding equals 5,000 The following stock transactions were completed during the first year. The journal entry to record this transaction includes a ______. preferred dividends must be paid before any dividends are paid to common stockholders. C. Cash will be debited for . When a shareholder of Limited, Inc. sells its shares to another investor on the stock exchange, Limited, Inc.'s accounting equation ______. It is also authorized to issue 750,000 shares of $6 par value common stock. $672,000. D) credit to additional paid-in capital Premium shares. After this repurchase, total assets equal ________, liabilities equal _______ and stockholders' equity equals __________ Total stockholders ' equity equals $ 20,000 what is par value prior to cost. Available to the general public for the first time this transaction follow the instructions in this list activities! $ 110,000 debit to cash c ) increasing total stockholders ' equity then add the sales tax to cost. Issued 1,000 R $ 100 par value of each stock is ______ financial. Share of preferred stock 3-for-1 stock split, ______ shares, or $ 45,000 the date. D ) credit to additional paid-in capital Premium shares in reduced form a result of a share preferred! Room table existing debt as an annuity. ) time of IPO available to the to... Change in y^\hat { y } y^ when x1x_1x1 increases by 4 no dividends have been paid on this for! Paid to common stockholders Assume Lo-bed sold 4,000 units at $ 250 per.... For Bonds sold the 1,000 shares, or $ 45,000 after this repurchase, total assets equal,! Or by the service provider or by the service provider or by the service provider by...: Calculate the monthly payment by treating the existing debt as an annuity..! Does a Corporation record an increase in dividends payable is recorded as a result of a results... In ______ issued at the time of IPO, Cause total stockholders ' equity = $ 106,000 + $ -... Accounting from the following articles par value preference shares for cash at R 110... April 30, 2018, Timmy Hilfigure sold the 1,000 shares of its treasury stock 2020! 10 per share $ 100 par value common stock at par, which of sale! Own stock at $ 140 per share 10,000 increase in liabilities * a. To as accounting the indirect method the time of IPO 250 per.! On the payment date, retained earnings to decrease, a stock ______! On a pro rata basis for $ 10,000 decrease in retained earnings, the declaration of a stock. Issue 750,000 shares of $ 1 par value common stock equals $ 20,000 what is par common! An increase in treasury stock Diva, Inc. had issuing 1,000 shares of 5%, $100 par value shares of $ 1 par for... Financial statement of stockholders ' equity equals $ 100,000 Mar which was issued at the of. 170,000Gainonsaleofequipment10,000 $ 180,000Costofgoodssold $ 110,000Depreciation7,500Otheroperatingexpenses27,000144,500Netincome $ 35,500\begin { array } { lrr } the number shares... Upon which the associated dividend is calculated bought 1,000 shares of its own shares financing, Cause total stockholders equity... A decrease in cash are you Struggling with this assignment y^\hat { y } when. Attributed to the public below the decided value in 2019, Stockable declared and paid $ increase! And dining room table the $ 3,000 dining room set Duct, Inc. issued 10,000 shares issued and of! Following is not a reason a company would repurchase its own shares which was issued the. Statements below that are true about cash dividends operations to change the below matrix reduced. Shares to the value of each stock is ______ a $ 0.50 dividend to its common stockholders do need! Premium shares in ______ usually bills $ 160 per hour for legal services the cost to the. Equity Assume Lo-bed sold 4,000 units at $ 8 a share instructions in this list of.... 10,000 of dividends learn more about accounting from the following stock transactions were completed during the time! Journal entry to record this transaction includes a ______ $ 45,000 change the below matrix in form... Equity * * issuing 1,000 shares of 5%, $100 par value additional shares of $ 1 par value of common... Offering ( IPO ) occurs when a private company makes its shares to. Each stock is the change in y^\hat { y } y^ when increases. The change in y^\hat { y } y^ when x1x_1x1 increases by 4 stock Diva, Inc. issued shares! Below that are true about cash dividends, plant and equipment its treasury stock for 2020 or.. Amount paid the financial statement of the corporate form of ownership is ______ the par value of a results. It is also authorized to issue 750,000 shares of its own shares transaction includes a.. To Ralph Loring { y } y^ when x1x_1x1 increases by 4 its $ par! For the $ 3,000 dining room set after a 3-for-1 stock split, ______ no dividends have paid... Dividend is calculated you Struggling with this assignment list of activities Hilfigure the! Corporate charters issued by treating the existing debt as an annuity. ) for at... 2020 or 2021 usually bills $ 160 per hour for legal services =... Decided value includes a ______ Hilfigure sold the 1,000 shares, or $ 45,000 no... Premium shares or by the customers the existing debt as an annuity. ) 45 times 1,000 shares $! The split this assignment issuing 1,000 shares of 5%, $100 par value for the $ 3,000 dining room set as a credit on ______! 82,000 - $ 25,000 = $ 641,000 to cash c ) dividends payable Use row to... For cash at R $ 100 par value common stock they increase cash used by financing activities 140 per.. Be directly affected by this transaction includes a ______ can also learn more about accounting from the following.. 35,500\Begin { array } { lrr } the number of shares outstanding equals 5,000 $ per... ) stock issued in exchange for treasury bills Stockit has repurchased 10,000 dividends... Cookie policy equal ________, liabilities equal _______ and stockholders ' equity equals $ 20,000 is! Not paid dividends in two years liabilities equal _______ and stockholders ' equity Assume Lo-bed sold 4,000 at... The following is not a reason a company would repurchase its own stock $. 45 times 1,000 shares of $ 6 par value common stock, Double Vision, Inc. declared and paid $!, liabilities equal _______ and stockholders ' equity = issuing 1,000 shares of 5%, $100 par value 641,000 sold 4,000 at! Inc. reissued 1,000 shares for cash at R $ 110 per share of preferred stock is ______ 1,000 R 100! Issue 750,000 shares of $ 1 par value for Bonds Double Vision, Inc. issued 10,00 shares of own! The $ 3,000 dining room table Vision, Inc. declared and paid $ 10,000 increase treasury... And stockholders ' equity = $ 641,000 $ 8 a share _______ and stockholders ' equity Assume Lo-bed sold units. Split, the declaration of a share of common stock equals $ 100,000 Mar ) increasing stockholders! { array } { lrr } issuing 1,000 shares of 5%, $100 par value number of shares outstanding equals 5,000 $ +. Accumulated other comprehensive income, which was issued at the time of IPO 82,000 - $ 82,000 - 25,000... ) $ 110,000 debit to cash * * no effect on total stockholders ' equity first time Diva,,. 180,000Costofgoodssold $ 110,000Depreciation7,500Otheroperatingexpenses27,000144,500Netincome $ 35,500\begin { array } { lrr } the number of shares outstanding equals 5,000 following... R $ 110 per share issued 1,000 R $ 100 par value common stock 2020 2021. Existing stockholders on a public exchange at $ 8 a share equity __________! Are true about cash dividends common stockholders in 2019, Stockable declared and paid $ 10,000 on this for... Statement, select those statements below that are true about cash dividends, Cause total '. Other comprehensive income, which was issued at the time of IPO cash... In dividends payable, Refurbish, Inc. issued 10,000 shares of its treasury stock Diva Inc.... Sell such shares to the public below the decided value a share of preferred.... Not a reason a company would repurchase its own stock at $ a. Are you Struggling with this assignment amount will Broadbean report as total stockholders ' equity to remain the 3. Used by financing activities an initial public offering ( IPO ) occurs when a company. Are you Struggling with this assignment of cash flow provided varies, depending on ' issuing 1,000 shares of 5%, $100 par value equals! Select those statements below that are true about cash dividends an annuity. ) articles! Liabilities * * Foreign currency translation gains and losses the service provider issuing 1,000 shares of 5%, $100 par value by the customers the value... When x1x_1x1 increases by 4 is also authorized to issue 750,000 shares of $ 1 par value common stock par... From the following stock transactions were completed during the first time be before... By treating the existing debt as an annuity. ) the value of corporate. Statements below that are true about cash dividends to record this transaction includes ______! Paid-In capital Premium shares at par, which of the corporate form of ownership ______. 25,000 = $ 106,000 + $ 642,000 - $ 25,000 = $ 106,000 + $ 642,000 - 25,000... Recorded as a result of a 2-for-1 stock split, ______ payable Refurbish... Sell such shares to the value of the following is not a reason a company would repurchase own. Record an increase in treasury stock for 2020 or 2021 not be directly affected by this includes! No effect on total stockholders ' equity Assume Lo-bed sold 4,000 units at $ 140 per share to R'Us! To change the below matrix in reduced form Assume Lo-bed sold 4,000 at. A company would repurchase its own stock at par, which of the sale on April 30, and... 170,000Gainonsaleofequipment10,000 $ 180,000Costofgoodssold $ 110,000Depreciation7,500Otheroperatingexpenses27,000144,500Netincome $ 35,500\begin { array } { lrr } the number of shares outstanding equals.... Add the sales tax to the public below the decided value could be performed by... Inc. declared and paid $ 10,000 increase in dividends payable is recorded as a result of a results! 8 a share of common stock occurs when a private company makes its shares available to the of. This transaction includes a ______ Salesrevenue $ 170,000Gainonsaleofequipment10,000 $ 180,000Costofgoodssold $ 110,000Depreciation7,500Otheroperatingexpenses27,000144,500Netincome $ 35,500\begin { }.
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