The Stockholders' Equity Section of the Balance Sheet Appears as Follows

question 163

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The stockholders' equity section of the balance sheet appears as follows at January 1, 2019: On March 1, 2019, the company repurchased 800 shares of its common stock at $12 per share but on April 6, 2019, it reissued 600 shares of the shares at $20 per share.
A)Prepare the journal entries to record for the March 1 and April 6 transactions.
B)How many shares of common stock are outstanding at March 31, 2019, and April 30, 2019, respectively?

• A)Prepare the journal entries to record for the March 1 and April 6 transactions.
• B)How many shares of common stock are outstanding at March 31, 2019, and April 30, 2019, respectively?

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Definitions:

Degrees Of Freedom

The number of values in a statistical calculation that are free to vary without violating the constraints of the calculation.

Critical Values

Specific points on the scale of a test statistic beyond which the null hypothesis is rejected in favor of the alternative hypothesis.

Two-Tailed

A hypothesis test that allows for the possibility of an effect in two directions, either less than or greater than a specified range.

Pearson Correlation

A statistical measure that evaluates the linear relationship between two continuous variables.