The shareholders' equity section of the Jason Company as of December 31, 2010 is as follows:
On January 15, the company repurchased 1,500 shares of its own stock at $60 for treasury stock. On January 16, as part of a compensation package, the company reissued half of the treasury shares to executives who exercised stock options for $20 per share. On January 28, the company reissued the remainder of the treasury stock on the open market for $65 per share. Which of the following would be included in the journal entry recorded on January 28?
a. a credit to Treasury Stock for $48,750.
b. a credit to Additional Paid-In Capital, Treasury Stock for $48,750.
c. a debit to Cash for $45,000.
d. a credit to Additional Paid-In Capital, Treasury Stock for $3,750.
Definitions:
Habituation
The process by which a person or animal becomes accustomed to a stimulus and responds less over time.
Habituation
A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.
Newborn Infant
An infant who is within the first hours to a few weeks of life, characterized by rapid development and adaptation to the external world.
Habituation
The process of becoming accustomed to a stimulus after repeated exposure, leading to a decrease in response.
Q33: What causes the phases of the Moon?<br>A)
Q50: Which one of the following is subtracted
Q54: Julia Used Cars offers a one-year warranty
Q56: What are the main types of geologic
Q77: Identify the two components of shareholders' equity.
Q82: From the answers provided, choose the type
Q88: Depreciation is an expense that does not
Q89: Were the bonds issued at a discount
Q100: Which of the following is most likely
Q120: On January 1, 2009, Action Corporation issued