subject
Business, 11.02.2020 04:20 lizbethreyes5725

Caramel Corporation has 5,000 shares stock outstanding. In a qualifying stock redemption, Caramel distributes $145,000 in exhange for 1,000 of its shares. At the time of the redemption , Caramel has paid-in-capital of $800,000 and E&P of $300,000.The results of this redemption is a $ charge to E&P and a $ reducation of Caramel's paid-in-capital account.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:00
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
question
Business, 22.06.2019 17:30
If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots
Answers: 1
question
Business, 23.06.2019 03:10
Wisconsin snowmobile corp. is considering a switch to level production. cost efficiencies would occur under level production, and after tax costs would decline by $36,000, but inventory would increase by $300,000. wisconsin snowmobile would have to finance the extra inventory at a cost of 13.5 percent.a. determine the extra cost or savings of switching over to level production. should the company go ahead and switch to level production? b how low would interest rates need to fall before level production would be feasible?
Answers: 1
question
Business, 23.06.2019 04:31
Kubin company’s relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows:
Answers: 1
You know the right answer?
Caramel Corporation has 5,000 shares stock outstanding. In a qualifying stock redemption, Caramel di...
Questions
question
Social Studies, 18.04.2021 05:30
question
History, 18.04.2021 05:30
question
Social Studies, 18.04.2021 05:30
question
English, 18.04.2021 05:30
question
Mathematics, 18.04.2021 05:30
question
Mathematics, 18.04.2021 05:30
Questions on the website: 13722360