A. Find the net proceeds of the stocks on the table below.ExpensesName of Stock Shares HeldSelling Priceper Share(Commission,taxes and Fees)Net Proceeds1. FoodCorporation2. PropertyHoldings3. PowerCorporation4.TransportationCorporation100P1,040.00P2,640.00250P500.00P1,720.0080P1,480.00P1,880.00300P320.00P2,240.00

Net proceeds = Shares held * Selling price per share - Expenses

A. Find the net proceeds of the stocks on the table below. Selling Price per Share Expenses (Commission, taxes and Fees) Name of Stock Shares Held Net Proceeds 1. Food Corporation 2. Property Holdings 3. Power 100 P1,040.00 P2,640.00 250 P500.00 P1,720.00 80 P1,480.00 P1,880.00 Corporation 4.Transportation Corporation 300 P320.00 P2,240.00

A. Find the net proceeds of the stocks on the table below. Selling Price per Share Expenses (Commission, taxes and Fees) Name of Stock Shares Held Net Proceeds 1. Food Corporation 2. Property Holdings 3. Power 100 P1,040.00 P2,640.00 250 P500.00 P1,720.00 80 P1,480.00 P1,880.00 Corporation 4.Transportation Corporation 300 P320.00 P2,240.00

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 5MC: Treasury stock is listed as a(n) __________ on the balance sheet. (a) current liability (b) current...

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