The company sold assets previously revalued by 150 through revaluation reserve. dt asset 150 ct revaluation reserve 150
The company sold assets previously revalued by 150 through revaluation reserve. dt asset 150 ct revaluation reserve 150
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 6MCQ: Ames Corporation repurchases 10,000 shares of its common stock for $12 per share. The shares were...
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I wanna know the transaction of dt ct sides .
1.The company sold assets previously revalued by 150 through revaluation reserve.
dt asset 150 ct revaluation reserve 150
2.the company issued to shareholders 100 shares at a nominal value of 1 and issue price of 4.
I do not know this transaction.
3.The company purchased on deferred payment shares of X company for immediate sale 50 shares at a value of 5 per share and commission of 1 per share.
dt short term investment 300 ct liabilities 300 ( I am considering if ct : deferred cost)
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