Denny's Deli, Inc The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows: Common stock, $20 par, 40,000 shares issued and outstanding $ 800,000 Additional paid-in capital 320,000 Retained earnings 600,000 Total stockholders' equity $ 1,720,000 Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was
issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share. Refer to the information presented above for Denny's Deli, Inc Suppose that Denny reissued 1,500 shares of its treasury stock on June 1, 2012, for $50 each. Which of the following is true regarding the entry required to record this transaction?
A) A debit to treasury stock is required for $75,000.
B) A credit to treasury stock is required for $64,500.
C) A credit to retained earnings is required for $10,500.
D) A debit to additional paid-in capital from treasury stock transactions is required for $10,500.
B
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All the employees of ABC Company are assigned ID numbers. The ID number consists of the first letter of an employee's last name, followed by four numbers. a.How many possible different ID numbers are there?b.How many possible different ID numbers are there for employees whose last name starts with an A?
What will be an ideal response?
Cultures perpetuate themselves through ______, particularly when new members to the culture are reprimanded for violating cultural norms or rewarded for assimilation.
a. socialization b. employee involvement c. supervision d. experimentation
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the average inventory level that the restaurant should expect?
a. 212.5 b. 76.4 c. 525 d. 38.2
A free zone located within or near a port city is called a(n) ________
A. free trade zone B. free retail zone C. special economic zone D. exclusive economic zone