FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. What is the necessary adjusting journal entry related to the treasury shares retirement on September 1, 2018? a. Dr. Share premium from ordinary shares

image text in transcribed
image text in transcribed
3. What is the necessary adjusting journal entry related to the treasury shares retirement on September 1, 2018? a. Dr. Share premium from ordinary shares 93,750 Dr. Retained earnings 250,000 Cr. Share premium from treasury stock transactions 343,750 b. Dr. Share premium from ordinary shares 100,000 Dr. Retained earnings 250,000 Cr. Share premium from treasury stock transactions 350,000 C. Dr. Share premium from ordinary shares 90,000 Dr. Retained earnings 250,000 Cr. Share premium from treasury stock transactions 340,000 d. Dr. Retained earnings 250,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1- 9

College Accounting Chapters 1- 9

Authors: James A Heintz, Robert W Parry

23rd Edition

1337794783, 978-1337794787

More Books

Students also viewed these Accounting questions

Question

★★★★★
A Deloitte employment survey asked a sample of human resource executives how their company planned to change its workforce over the next 12 months (INC. Magazine, February 2012). A categorical...

Answered: 1 week ago

Question

★★★★★
List and briefly describe the coverages that may be included in the Boatowners Policy.

Answered: 1 week ago

Question

★★★★★
Prove Lemma 9.3. Hint: Let x = y+. Note that f (t) = t is a concave function when 0 1, and use the fact that for a concave function f (t + h) f (t) is decreasing in t.

Answered: 1 week ago

Question

★★★★★
Action Advertising hired Alice Jones as an account executive. She signed an employment contract under which she agreed to work for the agency for a one-year term for an annual salary of $45,000....

Answered: 1 week ago

Question

★★★★★
Chapter 5, Problem 15 Given following process flow chart, and assume upper path and lower path make different parts and are assembled in operation 7. If you could increase the capacity of only one...

Answered: 1 week ago

Question

★★★★★
In column 2, indicate the proper name for each of the seven layers of the OSI model corresponding to layer number. List the TCP/IP layer number and its name in the next two columns. List the PDU for...

Answered: 1 week ago

Question

★★★★★
Two sides of a triangle measure 36 m and 49 m One possible dimension of the third side is Two sides of a triangle measure 36 m. and 49 m. One possible dimension of the third side is?

Answered: 1 week ago

Question

★★★★★
59. Trebecker Construction plans to discontinue its roofing segment which last year generated a contribution margin of $65,000 and incurred $70,000 in fixed costs. If the segment is discontinued,...

Answered: 1 week ago

Question

★★★★★
In real estate, what are the competing interests between priority of federal vs. state tax liens? I need typed answer with explanation

Answered: 1 week ago

Question

★★★★★
Consider the following root's loci. 5 4 3 2 O Imaginary Axis (seconds) 3 -4 -5 -20 Root Locus -15 -10 -5 Real Axis (seconds) The angle of departure from the complex poles can be approximated by: A...

Answered: 1 week ago

Question

★★★★★
Use pivot table, privot chart, and basic excel functions to answer the following questions for data in "econ" tab. 1. For each of the variables in the next tab "econ": what is the average, the...

Answered: 1 week ago

Question

★★★★★
9. What type of competence is important to have and develop in order to strengthen the core value you want others to associate with you?

Answered: 1 week ago

Question

★★★★★
6. Identify a core value that is important to you and that you would like to strengthen in yourself. Write down this core value. Then complete the follow-ing sentence: This core value is important to...

Answered: 1 week ago

Question

★★★★★
13. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Answered: 1 week ago

Previous Question Next Question