On December 1, 20X4, Line Corp. received a donation of 2,000 shares of its $5 par value common stock from a stockholder. On that date, the stock's market value was $35 per share. The stock was originally issued for $25 per share. By what amount would this donation cause total stockholders' equity to decrease

Question

04-06-2021
Business

Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

On December 1, 20X4, Line Corp. received a donation of 2,000 shares of its $5 par value common stock from a stockholder. On that date, the stock's market value was $35 per share. The stock was originally issued for $25 per share. By what amount would this donation cause total stockholders' equity to decrease

Sagot :

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.

what is the lowest terms of 13/17 {this is a fraction that's just to let you know}

Which words in the sentence are the adverb phrase? That old lighthouse has warned sailors for many decades. A. has warned B. for many decades C. has warned sail

What problems do Washington's troops face?

Hannah has the same number of nickels as heather has dimes. together the coins are worth 1.65. how many coins does each girl have?

what is the slope intercept equation of slope =2\3 y-intercept = 7

Where should the parenthesis be placed? By the time he retired in 1991, he had won numerous all-star honors 12. By the time he retired in 1991, (he had won) num

1. What is the best definition of theme? Answer a statement about human flaws that highlight the need for social justice the effect a particular piece of writin

Which of the following words and phrases from the poem does NOT contribute to our understanding of the speaker's cultural background? A. hotel B. turista C. cac

Jenn buys a pair of jeans for $24.99. Her friend Karen spends $3.50 more for the same pair of jeans. Vicki paid the same price as Karen for the jeans but bought

In the second stanza of "The Snow-Storm," how does Emerson describe the north wind to readers? A. He explains that the wind lasts only a short time. B. He contr

andromache andromache · Answer 1 · 2021-06-05T20:30:51-04:00

andromache andromache

05-06-2021

Answer:

$0

Explanation:

The shares that are donated is treated as the treasury shares. The treasury stock and the gain or the revneue account rise the stock market value. If there is an increase in the treasury stock so it reduced the stockholder equity but on the other hand the gain or revenue increase the owner equity

So overall there is no net effect

hence, the amount should be $0

Answer Link

Sagot :

Other Questions