Peter's Computers Purchased 2000 Shares of Its Own $10 Par

question 135

Multiple Choice

Peter's Computers purchased 2000 shares of its own $10 par value common stock for $97,000. As a result of this transaction:

• A)Peter's stockholders' equity increased $77,000.
• B)Peter's stockholders' equity increased $20,000.
• C)Peter's stockholders' equity decreased $97,000.
• D)Peter's stockholders' equity increased $97,000.

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Definitions:

Canadian Government

The federal administrative structure of Canada, characterized by its parliamentary democracy and constitutional monarchy, overseeing the country's legislative, executive, and judicial branches.

Internal Colonialism

Internal colonialism is the practice of exploiting and dominating a country's own minority groups or regions, treating them as colonies.

Segregation

The enforced separation of different racial, ethnic, or social groups within a society, often resulting in inequality and discrimination.

Assimilation

The process by which a person or a group's language and, or culture come to resemble those of another group.