The company resold 1,000 shares of Treasury stock for $33 that they had purchased for...

90.2K

Verified Solution

Question

Accounting

The company resold 1,000 shares of Treasury stock for $33 that they had purchased for $30 per share. What was the dollar effect on total stockholders equity when they sold the shares?
The company issues 8.8%,5-year bonds with a face amount of $100,000 for $99,208.73. The market interest rate for bonds of similar risk and maturity is 9.0%. Interest is paid semiannually. Determine interest expense for the first interest payment (rounded to nearest dollar).
The difference between a stock dividend and a stock split:
a) A stock dividend causes retained earnings to decrease but a stock split does not. b) A stock dividend reduces the par value, but a stock split does not.
c) A stock split causes the number of shares outstanding to increase but a stock dividend does not.
d) A stock split causes the stock price per share to decrease but a stock dividend does not.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students