On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2018, Alpha Corp., 2,000 of these shares were reacquired for $20 each. On September 1, 2018 Brunswick Corp. reissued 800 shares of its treasury stock for $22 per share. No other stock transactions occurred during the rest of fiscal year 2018. Use this information to determine the dollar amount that Alpha will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 per share. On ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 34 an hour. During the most recent year, 530 returns were completed with the labor cost totaling $ 26 comma 000.
Answers (1)
Accounting standard-setters use the following process in establishing accounting standards
Answers (1)
Which of the following actions cannot be used to eliminate a potential accumulated earnings tax liability situation involving a corporation owned by a mother and a father? A. Make a cash distribution within 2 1/2 months after the end of the tax year.
Answers (1)
Luis refuses to shop at big box stores, preferring to do his shopping locally. He reads in the paper that one of these stores will be having a major sale next week, but when his sister asks him later if he wants to go to the sale, he has completely
Answers (1)
Any word, device (design, sound, shape, or color), or combination of these used to distinguish a seller's goods or services is referred to as a
Answers (1)
New Questions in Business
Holding which of the following professional designations will exempt a person from taking the life licensing examination? A. Chartered Financial Consultant (ChFC) B. Chartered Life Underwriter (CLU) C. Certified Financial Analyst (CFA) D.
Answers (1)
Under which accounting method are revenues and expenses recognized in the same accounting period that cash receipts and payments occur? a. under the accrual basis of accounting b. under the direct write-off method of accounting c.
Answers (1)
Recently, the spot market price of U. S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel cost $700.
Answers (1)
What was the main cash crop, or crop grown primarily for market, in Virginia and Maryland, and to a lesser extent North Carolina? a. cotton c. indigo b. rice d. tobacco
Answers (1)
In 2002, a Swedish home electrical appliance manufacturer decided to use the same advertising message wherever it advertised around the world. In other words, the company decided to use which kind of advertising?
Answers (1)