Perez Co. previously acquired 10,000 shares of its own stock ($1 par) in the open market for $10 per share. This year the firm reissued all of these shares at $12 per share. Which of the following will occur as a result of the treasury shares being reissued:

a. Additional Paid in Capital will increase by $20,000.
b. A gain of $20,000 will be included on the income statement.
c. Treasury stock will decrease by $120,000
d. Common Stock will increase by $10,000

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

What two elements normally must exist before a person can be held liable for a crime

Double corporation acquired all of the common stock of simple company for