Augusta Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On August 30
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Augusta Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On August 30 of the current year, Augusta Gardens Inc. reacquired 17,500 shares of its common stock at $42 per share. On October 31, 14,000 of the reacquired shares were sold at $45 per share, and on November 10, 2,000 of the reacquired shares were sold at $48. (a) Journalize the transactions of August 30, October 31, and November 10. (b) What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? (c) What is the balance in Treasury Stock on December 31 of the current year? (d) How will the balance in Treasury Stock be reported on the balance sheet?
Common Stock Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company.
Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions.
For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.