Acc.202 - -11 ® | enamhedurarronmm/hmxpx EDT 2‘ QSe-arch...

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Unformatted text preview: (-11 ® | enamhedurarronmm/hmxpx EDT 2‘ QSe-arch Required: Assumrrrg that Meca Intematrorrar mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. Wear-mu February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2018 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng ‘(" (D I eztomheducat'roncom/hmtpx a '5‘ G QSearch {NE lrfiE 4. At Decemher 31, 2015, the haTance sheet of Mew TrIternatTonaT Tnduded the loHaang shareholders' eqwty accounts: arm-mm Eqriry (s in rrriuns) Common stock, 85 ruIHroh shares {£51 par 5 85 Pardrn caprraHexcess or par 4.50 Retarned earnrngs 560 Required: Assumrrrg that Meca InternatronaT mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} , On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, . On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. , On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghted-average cost of treasury shares wru.‘ 4. For the prevmus transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. View tramact'nn kt View general journal February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 Mav25 2018 Cash 54 000 000 me remaining, 0 su 52 A (-1 ® | eztomhedurarronmm/hmtpx EDT 2‘ QSe-arch Required: Assumrng that Meca Internatronar wews rts share buybacks as treasury stock, record the appropnate joumaT entry For each of the loHowrng transactrons: {ll no entry is required [or a transactionl'event. select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions :i.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meta reacquued 2 mrHron common shares at $15 per share, 2. On June 9. 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. aware February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09. 2017 Treasury stock 30.000.000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2018 Cash 54.000.000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng J; [I11 ,(- (D I eztomheducat'roncom/hmtpx a '5‘ G QSearch {ME {fl 4. At December 31, 2015, the baTance sheet of Mew TrIternatTonaT Thduded the loHoerng shareholders' eqwty accounts: m‘ Eqriry (s in rrions) Common stock, 85 ruIHron shares {£51 par 5 85 Pardrn caprtaHexcess or par 4.50 Retarned earrnngs 560 Required: Assumrng that Meca Internatronar wews rts share buybacks as treasury stock, record the appropnate joumaT entry For each of the loHowrng transactrons: {ll no entry is required [or a transactionl'event. select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions :i.e.. 10,000,000 should be entered as 10].} , On Fehmary 12, 2016, Meta reacquued 2 mrHron common shares at $15 per share, . On June 9. 2017. Meca reacquued 3 mrHron common shares at $10 per share. , On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghted-average cost of treasury shares 4. For the prewous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. mamas“. wru.‘ February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09. 2017 Treasury stock 30.000.000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 Mav25 2018 Cash 54 000 000 h10Qurz X (D | eztn.mheduralTonmm/hm.tpx?_:0.756310948213407_1480292865641 EDT 2‘ QSe-arch me remaining, 0 su 52 A v The rorrowrng rs a news rtem reported by Reuters WASHTNGTDN, Jan 29 (Reuterskanht Medle Group, a maker or reconstructrve rmplants ror knees and hrps, on Tuesdayfi‘edto seH 4 mern shares ofcnmmorr stock, 1n a fihng wrth the U5. Securitres and Exchange Oommrssron. it said it pTans to use the proceeds from the orean ror general corporate purposes, worklng capltal, research and development, and acqulsrtlorrs, Afier the saTe there wIH be about 345 mlllrorr shares nutstarrdrrrg In the Artrrrgtnn, Tennesseebased company. according to the SEC fihng. anht shares closed at $17 45 on Nasoao, The common stock of anht MedrcaT Group has a par of$0.03 per share. Required: Prepare thejourrraT entry to record the sale ofthe shares assumrng the price exrstrng when the announcement was made and rgnonng share rssue costs, (If no entry is required for a 720 ,6; ® enemhedurarronmm/hmxpx ED 2‘ Rig-arch {HE Jr 0 E Required: Assumrrrg that Meca Intematrorrar mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} 1. On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share. 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3. On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. .u............... February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2018 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng (- ‘.‘ (D eztomheducat'roncom/hmtpx I3 la 3 Q Search E 4. At Decemher 31, 2015, the haTance sheet of Mew TrIternatTonaT Tnduded the loHaang shareholders' equwty accounts: Sharer-orders Eqriry (s in nions) Common stock, 85 ruIHroh shares {£51 par 5 85 Pardrn caprraHexeess or par 4.50 Retarned earnrngs 560 Required: Assumrrrg that Meca InternatronaT mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} . On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share. . On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. . On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghted-average cost of treasury shares wru.‘ 4. For the prevmus transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. a. mas-mu February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 Mav25 2018 54 000 000 me remaining. 0 su 52 A h10Qurz (- ® eztn mheduralronmm/hmtpx ED 2‘ Rig-arch ChlBOuiz < murmurs) v ICOTTndustnes Issued 29 mlHron ofrts 51 par common shares 005496 mrHron on Apn111. LegaT. premotrorrar, and accountrng semees necessary to erect the sare cost $4 mllllon. Required: 1. Prepare the journaT entry to record the rssuarrce of the shares. (If no entry is required for a lransacIiorrIerrenl, select "Nojeurnal entry required" in the firsl accounl lield. Enter your answers in millionsli.e.,10.000.000 should he entered as 10).} mummy help 5 Save 0. Exit Submit Tl B emu (-11 ® | enamhedurarronmm/hmxpx EDT 2‘ QSe-arch Required: Assumrrrg that Meca Intematrorrar mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. Wear-mu February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2018 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng ‘(" (D I eztomheducat'roncom/hmtpx a '5‘ G QSearch {NE lrfiE 4. At Decemher 31, 2015, the haTance sheet of Mew TrIternatTonaT Tnduded the loHaang shareholders' eqwty accounts: arm-mm Eqriry (s in rrriuns) Common stock, 85 ruIHroh shares {£51 par 5 85 Pardrn caprraHexcess or par 4.50 Retarned earnrngs 560 Required: Assumrrrg that Meca InternatronaT mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} , On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, . On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. , On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghted-average cost of treasury shares wru.‘ 4. For the prevmus transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. View tramact'nn kt View general journal February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 Mav25 2018 Cash 54 000 000 me remaining, 0 su 52 A Ch'IBQurz X (-1 ® | enamhedurarronmm/hmxpx l3 E I e QSe-arch ‘- # lll Required: Assumrrrg that Meca InternatronaI mews rts share huyhacks as treasury stock, record the appropnate joumaI entry For each ofthe loHowrng transactrons: Ill no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions Ii.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega 501d 3 mTIhon treasury shares at $18 per share—determme cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. mama”. February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pawdm capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2013 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng J; [I11 (D I eztomheducat'roncom/hmtpx la la I 3 Q Search 1} I E 0 f E ,(- 4. At Decemher 31, 2015, the haIance sheet of Mew InternatwonaI TncIuded the loHaang shareholders' eqwty accounts: m‘ Eqriry (s in rrions) Common stock, 85 mIIhoh shares {£51 par 5 35 Pardrn caprraHexcess or par 4.50 Retarned earnrngs 560 Required: Assumrrrg that Meca InternatronaI mews rts share huyhacks as treasury stock, record the appropnate joumaI entry For each ofthe loHowrng transactrons: Ill no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions Ii.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega 501d 3 mTIhon treasury shares at $18 per share—determme cost as the werghted-average cost of treasury shares 4. For the prevmus transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. mamas“. February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2015 Cash 54,000,000 Pardrrr capitalishare repurchase 13,000,000 Treasury stock 36,000,000 MHVZS 2013 Cash 54 000 000 V Ch 180m: X '(D I eztomlreducationmmfhmipx l3 '3] I C‘ Q Search W I E 0 fl‘ E The sharehoIders' equlty of Core TechnoIogIes Company on June 30, 2015, IncIuded the foIloMrrng: Common stock, $1 par; authorized, 7 milhon shares; rssued and outstandmg, 2 miIIiorr shares 5 2,000,000 Paid»in capttaI%xcess of par 8,000,000 Retained earnings 20,000,000 On Arm 1, 2016, the board of drrectors ofCore Technologles decIared a 10% stock deend on common shares, to he drstnhuted on June 1, The market pnce of Core TechnoIogIes‘ common stock was $36 on Arm 1, 2016, and $46 on June 1, 2016, (-11 ® | enamhedurarronmm/hmxpx EDT 2‘ QSe-arch Required: Assumrrrg that Meca Intematrorrar mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghtedaverage cost of treasury shares 4. For the premous transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. Wear-mu February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2018 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng ‘(" (D I eztomheducat'roncom/hmtpx a '5‘ G QSearch {NE lrfiE 4. At Decemher 31, 2015, the haTance sheet of Mew TrIternatTonaT Tnduded the loHaang shareholders' eqwty accounts: arm-mm Eqriry (s in rrriuns) Common stock, 85 ruIHroh shares {£51 par 5 85 Pardrn caprraHexcess or par 4.50 Retarned earnrngs 560 Required: Assumrrrg that Meca InternatronaT mews rts share huyhacks as treasury stock, record the appropnate joumaT entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} , On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, . On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. , On May 75, 2018, Mega son 3 mrHron treasury shares at $18 per share—determrrre cost as the werghted-average cost of treasury shares wru.‘ 4. For the prevmus transactron. assume Meca determlnes the cost oftreasury shares by the FIFO method. View tramact'nn kt View general journal February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 Pardrrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 Mav25 2018 Cash 54 000 000 me remaining, 0 su 52 A ChWQurz X (-1 ®|enamhedurarronmmfhm1px l3 E 1 e QSe-arch ‘- # lll Required: Assumrrrg that Meca Intematrorrar mews rts share buybacks as treasury stock, record the appropnate jouma1 entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} 1, On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, 2. On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. 3, On May 75, 2018, Mega 501d 3 "011100 treasury shares at $18 per share—determme cost as the werghtedaverage cost of treasury shares 4. For the previous transactron. assume Meca determines the cost oftreasury shares by the FIFO method. WWW. February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 PaTdTrr capitalishare repurchase 18,000,000 Treasury stock 36,000,000 May 25. 2013 Cash 54,000,000 Pard-rn capital—share repurchase 17,000,000 Treasury stock 35,000,000 Ask me anyt ng J; [I11 (D I eztomheducat'roncom/hmtpx la la 1 3 Q Search 1} 1 E 0 f E ,(- 4. At December 31, 2015, the ba1ance sheet of Mew 1nternatwona1 mduded the loHoerng shareholders' equwty accounts: m‘ Eqriry (s in rrions) Common stock, 85 ml1110n shares {£51 par 5 35 Pardrn caprraHexcess or par 4.50 Retarned earrnngs 560 Required: Assumrrrg that Meca InternatronaT mews rts share buybacks as treasury stock, record the appropnate jouma1 entry For each ofthe loHowrng transactrons: {ll no entry is required [or a transactionl'event, select "Nojournal entry required" in the first aooounl lield. Enter your answers in millions li.e.. 10,000,000 should be entered as 10].} , On Fehmary 12, 2016, Meca reacquued 2 mrHron common shares at $15 per share, On June 9, 2017. Meca reacquued 3 mrHron common shares at $10 per share. On May 75, 2018, Mega 501d 3 "011100 treasury shares at $18 per share—determme cost as the werghted-average cost of treasury shares 4. For the previous transactron. assume Meca determines the cost oftreasury shares by the FIFO method. mamas“. $4054 February 12, 2016 Treasury stock 30,000,000 Cash 30,000,000 June 09, 2017 Treasury stock 30,000,000 Cash 30,000,000 May 25, 2018 Cash 54,000,000 PaTdm capitalishare repurchase 13,000,000 Treasury stock 36,000,000 MHVZS 2013 Cash 54 000 000 V ‘- ®1eztoml19ducationmmfhmtpx a E] 1 (3' Q Search 0} 1 E 0 fl E On Apri1 1, 2016, the board of directors of Core Techno1ogres dec1ared a 10% stock dividend on common shares, to be drstnbuted on June 1, The market price of Core TechnoTogres‘ common stock was $36 on April 1, 2016, and $46 on June 1, 2016. Required: Comp1ete the below tab1e to ca1cu1ate the stock dividend, Number of outstanding shares 2,000,000 Stock deend percentage 10% Number of shares to be Issued 200,000 x Par VaTue per share 5 1...
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