In January 2012, Finley Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, 2012, Finley Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares
a. decreased total stockholders' equity.
b. increased total stockholders' equity.
c. did not change total stockholders' equity.
d. decreased the number of issued shares.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In January 2012, Finley Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The traditional short-run Phillips curve implies a powerful role for monetary policy. According to the theory, place the events in order based on what happens when the central bank unexpectedly expands the money supply. a. the economic b.
Answers (1)
In his sociology class, Eric is giving a persuasive speech on gun control. He wants to make sure thathe supports what he is saying, so he makes statements such as "According to the Task Force onCommunity Preventive Services, in 1994, the estimated
Answers (1)
Mumm Co. issued 10-year $200,000 debenture bonds on January 1, 2015. The bonds pay interest semiannually. Mumm uses the effective interest method to amortize bond premiums and discounts.
Answers (1)
Using the mini case information, write a 250-500 word report presenting potential ethical issues that may arise from expanding into other related fields.
Answers (1)
Dakota corporation 15-year bonds have an equilibrium rate of return of 9 percent. for all securities, the inflation risk premium is 1.60 percent and the real risk-free rate is 3.30 percent. the security's liquidity risk premium is 1.
Answers (1)
New Questions in Business
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)