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NEW QUESTION: 1
An entity had the following account balances at December 31 of Year 1:
All shares outstanding were issued in a prior period for US $15 per share. On January 5 of Year 21000 shares were purchased for the treasury for US $17 per share. These treasury shares were sold on February 6 of Year 2, for US $18 per share. The effect of the purchase and sale of the 1.000 treasury shares was to:
A. Increase equity by US $1.000.
B. Increase equity by US $3.000.
C. Increase equity by US $2,000.
D. Not change equity.
Answer: A
Explanation:
Using the cost method, the journal entry to record the purchase of the treasury shares is.
NEW QUESTION: 2
Project 4 of 7: Car Inventory
Overview
You manage the office of a used car business. You have been asked to prepare the inventory list for a big
annual sale.
The discount price is 95 percent of the price. Modify column J to show the discount price for each car.
Answer:
Explanation:
See explanation below.
Explanation
1. In cell J10 on the "Car Inventory" worksheet enter "=G10 *.95" OR "=G10 * 95%".
2. Select cell J10, hold theShiftkey on your keyboard, and use the down arrow key until all the cells the
formula is required to be applied (J40).
3. Hold down theCtrlkey on your keyboard and press D which would "copy down" the formula for the rows
below.
OR
1. In cell J10 on the "Car Inventory" worksheet enter "=G10 *.95" OR "=G10 * 95%".
2. Select cell J10, then Right-click and selectCopy,ORclickCopyfrom theClipboardgroup situated on
theHometab.
3.Pastethe formula by selecting Paste from theClipboardgroup situated on theHometab,ORRight-click then
selectPaste,ORclickPastefrom theClipboardgroup situated on theHometab, then clickPaste Specialand
selectFormulas,ORyou could selectValuesfor the formula results instead.
4. Verify that the cell references in the formula are as desired.
References:
https://www.excelforum.com/excel-general/745891-calculate-discount-for-full-column.html
https://support.office.com/en-us/article/move-or-copy-a-formula-1f5cf825-9b07-41b1-8719-bf88b07450c6
NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
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