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On March 1, 2020 Jaguar River repurchases 30 shares of its own $1 par value common stock at $20 per share. What is the journal

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On March 1, 2020 Jaguar River repurchases 30 shares of its own $1 par value common stock at $20 per share. What is the journal entry on March 1, 2020? Cash $600 . $600 Common Stock Treasury Stock Par Value Cash $570 $30 . $600 $600 $600 Cash Treasury Stock Treasury Stock $600 D Cash $600 On March 1,2020 Tiger River repurchases 40 shares of its own 51 par value common stock at $10 per share. On May 1, 2020 (two months later), Tiger River resells the 40 shares of treasury stock for $30 per share. What is the journal entry on May 1, 2020 to record reselling the treasury stock? Cash $1,200 OA Common Stock $800 Treasury Stock $400 Treasury Stock $1,200 Cash $1.200 OB Cash $1,200 Treasury Stock $1,200 Cash $1,200 Treasury Stock $400 Additional Paid in Capital $800 OD B. A company has 2,000 authorized shares of stock and 1,000 outstanding shares. On March 1, 2020 the board of directors declare a cash dividend of $1 per share outstanding to be paid on March 30, 2020. What will be the journal entry on March 1, 2020? A. No Entry until March 30, 2020 Dividends $1,000 Dividend Payable $1,000 Dividends $1,000 Cash $1,000 Dividend Expense $1,000 . $1,000 D Dividends Sneaker Traders issued 5,000 shares of $2 par value stock for $10 a share. The journal entry to record this transaction would include a to Additional Paid in Capital A. Credit of $10,000 B. Debit of $10.000 C. Credit of $40,000 D. Debit of $40,000 Which of the following is added to net income as an adjustment under the indirect method of preparing the statement of cash flows? A. decreases in income tax payable B. increases in accounts receivable C. increase in prepaid rent D. increase in accounts payable

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