subject
Business, 08.03.2021 19:30 kirathadoll

The balance sheet of Messi Services included the following shareholders' equity section at December 31, 2021: ($ in millions) Common stock ($1 par, authorized 200 million shares, issued and outstanding 180 million shares) $ 180
Paid-in capital—excess of par 1,080
Retained earnings 560
Total shareholders’ equity $ 1,820
On January 5, 2022, Messi purchased 2 million treasury shares for $9 million. Immediately after the purchase of the shares, the balances in the paid-in capital—excess of par and retained earnings accounts are:
Paid-in capital—excess of par
Retained earnings
a. $ 1,068 $ 556
b. $ 1,064 $ 560
c. $ 1,080 $ 560
d. $ 1,080 $ 544

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 15:00
Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii
Answers: 2
question
Business, 22.06.2019 16:20
The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:
Answers: 1
question
Business, 23.06.2019 06:00
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
Answers: 1
question
Business, 23.06.2019 21:00
Acompany recently announced that it would be going public. the usual suspects, morgan stanley, jpmorgan chase, and goldman sachs will be the lead underwriters. the value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. if there is a 20% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 70% chance that the price will be in the middle, what value should the owner expect the company to price at?
Answers: 3
You know the right answer?
The balance sheet of Messi Services included the following shareholders' equity section at December...
Questions
question
Biology, 26.06.2019 05:40
question
Mathematics, 26.06.2019 05:40
question
Social Studies, 26.06.2019 05:40