Par Value Common Stock
Not what you're looking for?
Combs Company purchased back 11,00 shares of their $8 par value common stock for $98,000 on May 1 2011. On August 1, 2011, they reissued those shares for $109,000. Please show the effect of both transactions on the accounting equation.
Purchase this Solution
Solution Summary
This solution illustrates how to record treasury stock transactions using the accounting equation.
Solution Preview
Assets = Liabilities + Stockholders' equity
...
Purchase this Solution
Free BrainMass Quizzes
Learning Lean
This quiz will help you understand the basic concepts of Lean.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Basics of corporate finance
These questions will test you on your knowledge of finance.