subject
Business, 12.02.2021 03:00 brodycruce

Select the correct answer. Prontas Inc. has bought back 2,000 of its stock from its shareholders at par value of $5. How will this transaction be recorded in the journal of Prontas Inc.?
A.
Treasury Stock Account (Debit) $10,000 Common Stock Account (Credit) $10,000
B.
Cash Account (Debit) $10,000 Common Stock Account (Credit) $10,000
C.
Cash Account (Debit) $10,000 Treasury Stock Account (Credit) $10,000
D.
Treasury Stock Account (Debit) $10,000 Cash Account (Credit) $10,000

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 18:00
Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?
Answers: 2
question
Business, 23.06.2019 04:50
According to fiedler, in situations that are very unfavorable for the leader, it would be wise to choose someone who: a. is task oriented. b. is likely to engage in behaviors that are classified as consideration behaviors. c. has a low lpc score. d. has a high lpc score.
Answers: 1
question
Business, 23.06.2019 17:40
What should an entrepreneur try to convey to a venture capitalist during a pitch to try to get him or her to invest in the entrepreneur's company or idea?
Answers: 1
question
Business, 24.06.2019 01:40
Which of the following are useful for conducting market research? a. focus groups b. cost-benefit analysis c. budget spreadsheets d. reference books
Answers: 1
You know the right answer?
Select the correct answer. Prontas Inc. has bought back 2,000 of its stock from its shareholders at...
Questions
question
Social Studies, 13.11.2019 18:31
question
Physics, 13.11.2019 18:31
question
Mathematics, 13.11.2019 18:31
Questions on the website: 13722367