brokendreams
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Return on equity is calculated as:
a. Net income divided by average stockholders' equity.
b. Net income divided by ending stockholders' equity.
c. Net income divided by average market value of equity.
d. Net income divided by ending market value of equity
What would be the impact on the accounting equation when a company purchases treasury stock?
a. Increase assets and increase stockholders' equity.
b. Decrease assets and increase stockholders' equity.
c. Decrease assets and decrease stockholders' equity.
d. No effect on the accounting equation.
Hayes Corporation issues 100 shares of its $1 par value common stock for $15 per share. The entry to record the issuance will not include a:
a. Debit to Cash $1,500.
b. Credit to Additional Paid-In Capital $1,400.
c. Credit to Common Stock of $100.
d. All of the other options would be included.
a. Net income divided by average stockholders' equity.
b. Net income divided by ending stockholders' equity.
c. Net income divided by average market value of equity.
d. Net income divided by ending market value of equity
What would be the impact on the accounting equation when a company purchases treasury stock?
a. Increase assets and increase stockholders' equity.
b. Decrease assets and increase stockholders' equity.
c. Decrease assets and decrease stockholders' equity.
d. No effect on the accounting equation.
Hayes Corporation issues 100 shares of its $1 par value common stock for $15 per share. The entry to record the issuance will not include a:
a. Debit to Cash $1,500.
b. Credit to Additional Paid-In Capital $1,400.
c. Credit to Common Stock of $100.
d. All of the other options would be included.