A company purchases 2,000 shares of treasury stock for $5 per share. Required: How will this transaction
Question:
A company purchases 2,000 shares of treasury stock for $5 per share.
Required:
How will this transaction affect stockholders' equity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Given data Treasury stock 2000 Per share value 5 To find Affects of stockholders equity By the fo...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Accounting questions
-
A company has 2,000 shares of $1 par value common stock and 200 shares of 5%, $110 par, noncumulative preferred stock outstanding. The balance in Retained Earnings at the beginning of the year was...
-
How many shares of treasury stock did PepsiCo have at December 29, 2007, and at December 30, 2006?
-
The following information pertains to Ming Corp. at January 1, 2018: Common stock, $10 par, 50,000 shares authorized, 3,000 shares issued and outstanding Paid-in capital in excess of par, common...
-
need help entering sale oof land transaction in intuitproconnect On December 31, 2021, Anthony sold the inherited land from his uncle. The consideration was \( \$ 950,000 \) installment note plus the...
-
Use the components of Victor H. Vroom's Expectancy Theory to discuss the following examples: Monica would like to be a star basketball player. She has been observing the coach and it seems to her...
-
Allison and Leslie, who are twins, just received $10,000 each for their 25th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her early...
-
Discuss corporate organization and committee structure.
-
Pixel Graphics is a graphics arts design consulting firm. Marcie Biel, its treasurer and vice president of finance, has prepared a classified balance sheet as of August 31, 2010, the end of its...
-
Describe the difference between the primary market and the secondary market. If you were purchasing a newly-issued share of stock in technology startup company, in which market would this occur?...
-
WTI is planning to launch a new component. Production volume will be limited, with only 128 components to be produced in total. WTI expects the manufacture of the first component to take 25 direct...
-
Ramsden Corporation shows the following information in the stockholders' equity section of its balance sheet: The par value of common stock is $2.00 and the total balance in the common stock account...
-
The Macon Psychiatric Institute is interested in redesigning its mental health care delivery system in order to maximize the number of people who can benefit from its services. Unfortunately, having...
-
Following is information for the Sunflower Company: REQUIRED A. Identify, by name, each of the labelled variances. B. Calculate each variance and indicate whether it is favorable or un-favorable?...
-
Describe the photic zone of ocean habitats.
-
How does getting rid of cellular wastes require the integrated efforts of multiple body systems?
-
Explain how global human population size is expected to change during the 21st century.
-
A light-emitting diode (LED) connected to a \(3.0 \mathrm{~V}\) power supplyemits \(440 \mathrm{~nm}\) blue light. The current in the LED is \(10 \mathrm{~mA}\), and the LED is \(60 \%\) efficient at...
-
Can two species have the exact same niche in a community? Why or why not?
-
Suppose you are a member of a scientific team in a nuclear power plant. You would need to be able to predict how much energy to expect from given fission reactions. When uranium-235 nuclei are...
-
The Smiths buy a house. They borrow 80 percent of the purchase price from the local ABC Savings and Loan. Before they make their first payment, ABC transfers the right to receive mortgage payments to...
-
Add a toString() method to Sketch that returns a string representation of the unit vector corresponding to the sketch.
-
Based upon the data in Exercise 4-22, prepare the adjusting entries for Dakota Services Co.
-
Based upon the data in Exercise 4-23, prepare the closing entries for Dakota Services Co.
-
Blink-On Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Blink-On Company prepared the end-of-period spreadsheet (work sheet) at the top of the...
-
Many American car manufacturers are located in the Southeast. Due to hurricane season, the Southeast has gotten a significant amount of rain, causing vast flooding. How is the supply of cars impacted?
-
Suppose that the cost in dollars for a weekly production of x tons of sugar is given by the following function (a) Find the marginal cost. 1 C(x) = x+3x+200. (b) Find the cost and marginal cost when...
-
16. An IEEE standard 32-bit floating point number is N = -15 x 2E-127 x 1.F, where S is the sign bit, F is the fractional mantissa, and E the biased exponent. a. Convert the decimal number 123.5 into...
Study smarter with the SolutionInn App