Business, 05.09.2019 00:20 kimvigil4580
In 20x2, allred company acquired 11,000 shares of its $1 par value common stock at $23 per share. during 20x3, allred issued 7,000 of these shares at $31 per share. allred uses the cost method to account for its treasury stock transactions. what accounts and amounts should allred credit in 20x3 to record the issuance of the 7,000 shares?
Answers: 2
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 19:40
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
In 20x2, allred company acquired 11,000 shares of its $1 par value common stock at $23 per share. du...
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