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a. 6. Richard Corp sold Treasury Stock that was originally acquired for $10 a share. A total of 10,000 shares were sold for a sum
a. 6. Richard Corp sold Treasury Stock that was originally acquired for $10 a share. A total of 10,000 shares were sold for a sum of $150,000. The following would be included in the journal entry: Debit to Treasury Stock of $150,000 b. Debit to Treasury Stock of $100,000 c. Credit to Treasury Stock of $100,000 d. Credit to Treasury Stock of $150,000 7. Assuming that the Basic Earnings Per Share was calculated to be $3.00, a given security had an impact of $3.25. This is an example of and should be in Diluted Earnings Per Shar. a. Dilutive, Included b. Dilutive, Excluded C. Anti-Dilutive, Included d. Anti-Diluted, Excluded 8. When calculating whether convertible bonds are considered dilutive, the numerator impact should be determined based on a. Before Tax
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