Unit 7 CPA - When half of the treasury stock is resold...

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#1. ANSWER D Retained Earnings is increased B #2. Answer: c. A treasury stock account is created when a company r The full purchase price (cost) is debited to Treasury Stock. When treasury stock price. The 2010 repurchase is accounted for with a debit to Treasury Stock for $ =) $50,000. additional credit to Paid-in Capital, Treasury Stock (or Paid-in Capital – Repurc The 2010 repurchase is accounted for with a debit to Treasury Stock for $100,00
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Unformatted text preview: When half of the treasury stock is resold, $50,000 is credited to Treasury Stock The balance in the Treasury Stock account is ($100,000 - $50,000 = #4. Answer: c. The number of shares issued is less than 20-25 #5. a. When a company issues a stock dividend, earnings per share decreases as the There is no effect on total assets, total liabilities or total stockholders’ equity. #6. ANSWER B $100,000...
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