Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 14, 2024

Assets:- Cash-50000 Other Assets-850000 Value of firm-900000 Liabilities & Equity:- Debt- 0 Equity-900000 Value of firm-900000 Share outstanding -90000 Price per share is $10 If

Assets:-

Cash-50000

Other Assets-850000

Value of firm-900000

Liabilities & Equity:-

Debt- 0

Equity-900000

Value of firm-900000

Share outstanding -90000

Price per share is $10

If the firm distributes $100000 through stock repurchase,what happens to the balance sheet?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Financial Accounting

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

2nd Canadian edition

133375536, 9780133845396, 133845397, 978-0133375534

More Books

Students also viewed these Accounting questions

Question

★★★★★

For an ac circuit with resistance 10.0 m, capacitance 5.00 F, frequency 10.0 kHz, and E = 15.0 mV: (a) Find the impedance (in ohms), (b) Find the phase angle, (c) Find the current.

Answered: 1 week ago

Question

★★★★★

Description of managements risk assessment process

Answered: 1 week ago

Question

★★★★★

The number of cars arriving at a gas station follows a Poisson process {N(t) t 0} with rate ???? = 7 cars for a five-minute period. The expected number of cars to arrive between 9:00 a.m. and 10:00...

Answered: 1 week ago

Question

★★★★★

The Bailey Machine Tool Company thinks it can increase sales by $10 million by loosening its credit standards somewhat. The firm normally experiences bad debts of about 2% of sales, but marketing...

Answered: 1 week ago

Question

★★★★★

If $23,666 is the amount payable in 3 years for a $20,000 simple loan made today, what is the interest rate (in %)?

Answered: 1 week ago

Question

★★★★★

The first team meeting sets the tone for how the team will work together. If it is disorganized, or becomes bogged down with little sense of closure, then this can often become a self-fulfilling...

Answered: 1 week ago

Question

★★★★★

O'Hara Photography's checkbook lists the following (Click the icon to view the checkbook.) Read the requirements Requirement 1. Prepare O'Hara Photography's bank reconciliation at November 30, 2024....

Answered: 1 week ago

Question

★★★★★

On January 1, 2022, Blossom Corporation acquired machinery for $1470000. Blossom adopted the straight-line method of depreciation for this machine and had been recording depreciation over an...

Answered: 1 week ago

Question

★★★★★

The result of a TLC experiment showed that a compound has an Rf value of 0.25 on a silica gel plate using 10% ethyl acetate in hexane as the mobile phase. Indicate if the Rf values of the compound...

Answered: 1 week ago

Question

★★★★★

What are the purposes of promotion ?

Answered: 1 week ago

Question

★★★★★

The effects of property rights on achieving efficiency Consider a lake in the town of Center Barnstead, and then answer the questions that follow. Action No Recycling Recycling Chemical Plant...

Answered: 1 week ago

Question

★★★★★

1. Identify your reference point when making a decision based on an element of risk.

Answered: 1 week ago

Question

★★★★★

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

Answered: 1 week ago

Question

★★★★★

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

Answered: 1 week ago

Previous Question Next Question