In 2016, Borland Semiconductors entered into the transactions described below. In 2013, Borland had issued 170 million shares of its $1 par common stock at $34 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: 1. On January 2, 2016, Borland reacquired 10 million shares at $32.50 per share. 2. On March 3, 2016, Borland reacquired 10 million shares at $36 per share. 3. On August 13, 2016, Borland sold 1 million shares at $42 per share. 4. On December 15, 2016, Borland sold 2 million shares at $36 per share.

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A: Journal entry is the process of recording the business transactions in the books of accounts for the…

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A: 1.

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A: Answer) Calculation of Number of shares issued Number of shares issued = Total number of shares…

Q: In 2018, Borland Semiconductors entered into the transactions described below. In 2015, Borland had…

A:

Q: During 2016, the Nicklaus Corporation participated in three treasury stock transactions: a. On June…

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A: Journal entry for the sale of common stock is:

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Q: In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had…

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A:

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A:

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A:

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.