A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording it at cost.  a) what effect does this transaction have on revenue or expense of the period?  b) what effect does it have on stockholders' equity?

The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a. 139,000 b. 54,000 c. 40,300 d. 13,700

The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume that 56,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a.56,000 b.13,700 c.42,300 d.117,000

Sturdy Stone Tools, Inc., announced a 100 percent stock dividend. Determine the impact (increase,decrease, no change) of this dividend on the following:1. Total assets.2. Total liabilities.3. Common stock.4. Total stockholders’ equity.5. Market value per share of common stock.

A company issues 10,000 shares of its own $10 par value common stock to the public for $19 per share. Later, 1, 000 of these shares are bought for $21 per share as treasury stock. Which of the Losses on the resale of these shares would impact reported net income for the year although gains would not The par value method and the cost method have the same total impact on stockholders equity Because this is a stock transaction, retained earnings cannot be affected by a re - issuance of these shares

The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 59,000 shares were originally issued and 5,100 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. 64,100 59,000 53,900 5,100

The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 53,000 shares were originally issued and 10,700 were subsequently reacquired. What is the number of shares outstanding?

Blue Corporation had 306,000 shares of common stock outstanding on January 1, 2025. On May 1, Blue issued 33,000 shares. (a) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued for cash. Weighted-average number of shares outstanding I (b) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued in a stock dividend. Weighted-average number of shares outstanding