Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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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 > HR Management Posted 07 Jan 2018 My Price 6.00

Beaverhead Creek Inc.

Beaverhead Creek Inc. bottles and distributes spring water. On March 4 of the current year, Beaverhead Creek reacquired 5,000 shares of its common stock at $90 per share.
On August 7, Beaverhead Creek sold 3,500 of the reacquired shares at $100 per share.
The remaining 1,500 shares were sold at $88 per share on November 29.
(a) Journalize the transactions of March 4, August 7, and November 29.
(b) What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
(c) For what reasons might Beaverhead Creek have purchased the treasury stock?

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Jan 2018 08:01 PM My Price 6.00

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