On Jan 1 Al Seeb SAOG had 40,000 shares of OMR 10 par value ordinary shares issued and outstanding. All 40,000 shares had been issued in a prior period at OMR 20 per share. Feb. 1 Al seeb SAOG company purchased 2750 shares of treasury stock for OMR 25 per share and later sold the treasury stock for OMR 21 on March 1. Journal entry to record the purchase of the treasury shares on Feb 1 would include: a) b) Debit to loss account for OMR 112,500 None of these c) Credit to Treasury stock for OMR 68,750 d) Debit to Treasury stock for OMR 68,750

Q: On September 14, 10,000 shares of Grey Company are acquired at a price of $100 per share plus a $500…

A: Journal is the basic recording book in accounting. It is the primary book of entry for recording…

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A:

Q: On December 2, Coley Corp. acquired 1,400 shares of its $5 par value common stock for $20 each. On…

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A:

Q: Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first…

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Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.