Account for the treasury stock transactions
Envision Inc., purchased 3,800 shares of common stock for the treasury at $17 per share. A month later Envision sold 2,100 of these treasury shares at $18 per share. Explain how Envision, Inc., would account for the treasury stock transactions.
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Calloway Corp has a selling price of $15 per unit and variable costs of $10 per unit. When 14,000 units are sold, profits equaled $45,000. What is the margin of safety?
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