Tulio Inc. acquired 10 shares of its very own inventory to hold as treasury stock previous calendar year for forty Each and every. Now, it sells 5 of Those people shares for 36 cash. Document the journal entry for this transaction. A few of the data has been crammed in to assist you. Dr. Cash Dr. Cr .

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community transportation authority senior citizen and disabled discounted playing cards issued by a governmental company;

In figuring out the value in utilization of A and B as well as C, M adjusts economic budgets/forecasts to reflect its greatest estimate of foreseeable future price ranges which could be realized in arm’s size transactions for just a’s products and solutions (see paragraph 70 of IAS 36).

Management believes market share growth of 6% every year within reason achievable because of increased advertising expenditure, the benefits with the protection of The ten‑yr patent on C’s Key products, and also the envisioned synergies to get attained from running C as Element of M’s North American segment.

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there is absolutely no active marketplace for A’s goods. Thus, A’s cash inflows count on sales of the final product by B and C.

Do you carry a balance month to month? A lower-curiosity credit card delivers a comparatively steady APR each month, in comparison with 0% APR cards that ordinarily demand significant-curiosity prices once the intro time period finishes.

The marketing campaign driving Proposition 36 stated, "Condition leaders have experienced a long time to deal with California’s crime and drug crises, but minimal continues to be accomplished to tackle the basis results in. These newly handed legislative bills are 50 % steps, failing to address the fundamental issues of habitual repeat theft, the fentanyl epidemic, and the continued homelessness crisis, which stays unaddressed a result of the deficiency of powerful incentives for drug cure."[14] California Proposition 47 (2014)

If X’s cash‑creating device represents the bottom amount in just M at which the goodwill is monitored for inside management functions, M relates to that cash‑generating device the impairment test described in paragraph ninety of IAS 36.

drug prescription issued by a government medical doctor or other governmental wellbeing care provider; (R) property tax assertion issued by a governmental agency;

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estimated prices essential to preserve the extent of economic gain anticipated to come up from the machine in its current issue; and

Forecast buyer selling price indices through the budget period for European nations around the world from which Uncooked materials are acquired.