If a corporation reacquires its own stock, the stock is listed on the balance sheet in the:
Question:
If a corporation reacquires its own stock, the stock is listed on the balance sheet in the:
a. “Current assets” section.
b. “Long-term liabilities” section.
c. “Stockholders’ Equity” section.
d. “Investments” section.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
c Reacquired stock known as treasury stock sh...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
134+ Reviews
426+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
Question Posted:
Students also viewed these Business questions
-
The company specializes in high-end sports and luxury autos and has one of the largest inventories of used Porsches on the West Coast, (More than 50 Porsches are always in stock.) The inventory is...
-
In 2016, five retired software developers opened an auto dealership in Redmond, Washington, which they named WinTechMotors. The company specializes in high- end sports and luxury autos and has one of...
-
It was beginning of August 2016, Aamer Malik, Manager of Finance Department at Fatima Fertilizers Corporation Limited was asked by the board of governors to present some recommendations for financing...
-
Researchers investigated the relationship between the number of involuntary admissions (detentions) for mental disorders a year under the Mental Health Act 1983 and the number of NHS psychiatric beds...
-
Is hypnotism helpful in Multiple Sclerosis?
-
Highlight, Inc., owns all outstanding stock of Kiort Corporation. The two companies report the following balances for the year ending December 31, 2020: On January 1, 2020, Highlight acquired on the...
-
Provide realistic examples of how a requirements document may be: a. ambiguous b. incorrect c. incomplete d. unverifiable
-
Equipment replacement, income taxes (continuation of 21-27). Assume the same facts as in Problem 21-27, except that the plant is located in Austin, Texas. Pro Chips has no special waiver on income...
-
4. Given the following matrices: 2 3 O A = -5 4 7 and B = 2 3 6 --10--(19) 3. Write a program in C that doing the following job: a) Input elements in the matrices A and B from the keyboard b) C=2A+B...
-
Rockwell Inc. began the month of June with the following balances: Common Stock, $50,000; Additional Paid-In Capital, $2,000,000; and Retained Earnings, $3,900,000. During June, Rockwell issued for...
-
The Stockholders Equity section of the balance sheet may include: a. common stock. b. stock dividends distributable. c. preferred stock. d. all of the above.
-
Compute the derivatives of the following functions. Find the value of the function and the slope at 0, /2, and . Sketch a graph of the function on the given domain. How would you describe the...
-
A racing bicycle is travelling on a curve along a track. The curve can be represented as an arc of a circle with a radius of 0.5 km. if the bicycle's speed is 287 km, what is the angle of the curve...
-
The pilot of an aircraft sets the autopilot to level off at 7,000 ft MSL while in a descent. The pilot begins briefing the next phase of flight and when he looks up he notices the altitude of the...
-
Reflect on a significant organizational change that you experienced as a stakeholder. Evaluate that change initiative and the resulting impact to stakeholders. Consider Kotter's eight-step process...
-
For each problem, find the equation of the line tangent to the function at the given point. Your answer should be in slope-intercept form. 7) (x) = x + 2x + 4 at (2, 8) f(x) = x - x +3 at (-1, 1) 9)...
-
Dozer, Inc. is a closely-held corporation incorporated in a state that has adopted the Model Business Corporation Act. Prior to 2012, Dozers business was organized into two divisions; neither was...
-
Two-lens systems. In Figure stick figure O (the object) stands on the common central axis of two thin, symmetric lenses, which are mounted in the boxed regions. Lens 1 is mounted within the boxed...
-
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
-
On February 12, 5,000 shares of Mid-Ex Company are acquired at a price of $24 per share plus a $200 brokerage fee. On April 22, a $0.36-per-share dividend was received on the Mid-Ex Company stock. On...
-
On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per share plus a $160 brokerage fee. On September 10, a $0.75-per-share dividend was received on the Birch Company stock. On...
-
On January 2, THT company acquired 40% of the outstanding stock of First Alert Company for $155,000. For the year ending December 31, first Alert Company earned income of $42,000 and paid dividends...
-
Two parallel plates are set up with one 1.80 m above the other. The bottom plate has an electric potential of zero and the top has an electric potential of 3.37x106 V. A charged ball of mass 0.800 g...
-
Two charges are set on the x-axis 16.2 cm away from each other. The charges are -9.90 nC and 20.9 nC. Calculate the electric potential at the point on the x-axis where the electric field due to these...
-
What does Gradient Echo mean? what is meant by the term magnetic susceptibility? Give me a brief summary
Study smarter with the SolutionInn App