A Company Purchased 1,000 Shares of Treasury Stock for $38,000

question 43

Multiple Choice

A company purchased 1,000 shares of treasury stock for $38,000 cash. The treasury stock was initially issued for $24,000 and had a $9,000 par value. Which of the following statements incorrectly describes the effect of the treasury stock purchase?

• A) Net income is unchanged.
• B) Earnings per share increases.
• C)Total assets remain the same.
• D)Stockholders' equity decreases.

Learn about the utility and advantages of an intranet in supporting PR and employee relations efforts.

Identify the characteristics and dimensions that define a healthy corporate culture within an organization.

Recognize the impact of an organization's CSR efforts on recruitment and employee engagement.

Understand the importance of organizational clarity and the PR activities that promote it.

---

Definitions:

Compulsively Neat

Describes a person who has an overwhelming need to keep their surroundings extremely tidy, often driven by anxiety or discomfort when things are out of place.

Resistance

In free association, a blockage or refusal to disclose painful memories.

Medication

Drugs or other substances used to treat or prevent disease or relieve pain.

Projection

A defense mechanism that involves attributing a disturbing impulse to someone else.