A company bought back 57,000 shares of its own common stock at $14 per share. Four months later the company sold 20,000 of these shares at $17 per share. If the cost method is used to record treasury stock transactions, what is the balance of the Paid-in Capital from Treasury Stock account (assume its beginning balance is zero) after the resale of the 20,000 treasury shares?

Astro Corporation was started with the issue of 5.500 shares of $11 par stock for cash on January 1, Year 1. The stock was issued at a market price of $20 per share. During Year 1, the company earned $68,450 in cash revenues and paid $45,862 for cash expenses. Also, a $4,800 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Balance Sheet Prepare the income statement. Stmt of Cash Flows ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes >

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A company with 95,000 authorized shares of $7 par common stock issued 42,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $34 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

Green Thumb Nursery has 11,000 shares of stock outstanding at a market price of $18 per share. The current earnings per share are $1.47. The firm has total assets of $286,000 and total liabilities of $86,000. Next week, the firm will be repurchasing $36,000 worth of stock. Ignoring taxes, what will be the earnings per share after the stock repurchase? a) $1.797 b) $1.832 c) $1.848 d) $1.620 e) $1.883

On June 8, Pharoah Ltd. was incorporated and issued 33,600 common shares for $336,000. On August 19, an additional 8,400 shares were issued for $100,800. On November 2, the company paid $32.256 to repurchase 3,360 common shares and on December 7 it paid $58.240 to repurchase 4,480 common shares. (a) Your answer is correct. Calculate the average cost of the common shares on places, ag. 15.25.) June 8 Aug 19 Nov. 2 Dec. 7 $ $ 5 $ Average Cost 10 10.40 10.40 10.40 hares on June 8, August 19. November 2, and December 7. (Round arewers to 2 decimal

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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,200,000 shares issued; Additional Paid-in Capital, $16.80 million; Retained Earnings, $9.80 million; and Treasury Stock, 48,000 shares, $1.056 million.   Prepare the stockholders’ equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.)

Bolton Corporation had additions to retained earnings for the year just ended of $629,000. The firm paid out $110,000 in cash dividends, and it has ending total equity of $7.24 million. a. If the company currently has 610,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. If the stock currently sells for $29.40 per share, what is the market-to-book ratio? The price-earnings ratio? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. If total sales were $10.54 million, what is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Earnings per share Dividends per share Book value per share b. Market-to-book ratio Price-earnings ratio c. Price-sales ratio times times times 4

After graduation, you plan to work for Asia Corporation for 12 years and then start your own business. You expect to save and deposit Php7,500 a year for the first 6 years (n = 1 through     n = 6) and Php15,000 annually for the following 6 years (n = 7 through n = 12).  The first deposit will be made a year from today. In addition, your grandfather just gave you a Php25,000 graduation gift which you will deposit immediately (n = 0).  If the account earns 8% compounded annually, how much will you have when you start your business 12 years from now? A.Php228,145 B. Php250,712 C. Php260,302 D. Php263,907 E. Php277,797