Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 4.00

rev- enue or expense

6.      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 rev- enue or expense of the period?

b.     What effect does it have on stockholders’ equity?

7.      The treasury stock in Discussion Question 6 is re- sold for $3,750,000.

a.      What is the effect on the corporation’s revenue of the period?

b.     What is the effect on stockholders’ equity?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 07:08 PM My Price 4.00

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