Ch. 11 Prob x c ezto.mheducation.com/hm.tpx ::: Apps ?Bookmarks D B Blackboard M

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Ch. 11 Prob x c ezto.mheducation.com/hm.tpx ::: Apps ?Bookmarks D B Blackboard M McGraw-Hill Connect b Pearson OM D MACRO D Maple-Just 11 Really Helpf @GMU Account GMU Parking os Mason Mail ACCOUNTING 2018Accounting 330 Master Ch. 11-Homework Problems instructions I help Question 3 (of 18) Save & Eit Submit 10.00 points M11-6 Determining the Effects of Treasury Stock Transactions LO11-3 Carbide Corporation purchased 35,000 shares of its own stock from investors for $40 per share. The next year, the company resold 4,000 of the repurchased shares for $42 per share, and the following year it resold 9,000 of the repurchased shares for $32 per share Determine the impact (ncrease, decrease, or no change) of each of these transections on the following: (Enter a positive value for increase and a negative value for decrease. If no change, leave cell blank) Assets Net Inoome Purchased 35,000 shares of treasury stock Rasold 4,000 shares for $42/share Resold 9,000 sheres for $32 per share References eBook & Resources Worksheet Difficulity: 1 Easy M11-6 Determining the Effects of Treasury Stock Transactions LO11-3 Leaming Objectve: 11-03 Describe the characteristics of common stock and report common stock 6:47 PM 0 Type here to search 4/26/2018

Explanation / Answer

Schedule :

160000

8000

360000

-72000

Assets Liabilities Stockholder's equity Net income Purchased 35000 share of treasury stock -1400000 -1400000 Resold 4000 shares for 42 share 168000

160000

8000

Resold 9000 shares for 32 per share 288000

360000

-72000

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