Which Statement About "Share Buy-Back" Is Correct

question 7

Multiple Choice

Which statement about "share buy-back" is correct?

• A)If the repurchase price if below the issue price,an accounting "gain" results.
• B)If the repurchase price if below the issue price,the difference goes to "common shares."
• C)If the repurchase price if below the issue price,the difference goes to "contributed surplus."
• D)If the repurchase price if below the issue price,an accounting "loss" results.

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Definitions:

Cyanobacteria

Photosynthetic microorganisms, also known as blue-green algae, that are key players in nitrogen fixation and oxygen production in various ecosystems.

Lichens

Symbiotic associations between a fungus and a photosynthetic partner, typically an alga or cyanobacterium, living together in a mutualistic relationship.

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms other than by the "vertical" transmission of DNA from parent to offspring.

Transformation

Taking up of extraneous genetic material from the environment by bacteria.