Ladder Distributors The Stockholders' Equity Section of the December 31, 2019, Balance

question 138

Multiple Choice

Ladder Distributors
The stockholders' equity section of the December 31, 2019, balance sheet is provided below:
Assume that all of the 20,000 shares of stock that was issued as of December 31, 2019, was issued for $42 per share. On March 1, 2020, the company reacquired 4,000 shares of its common stock for $50 per share.
-Refer to Ladder Distributors. How much should be reported on the company's March 31, 2020, balance sheet for treasury stock?

• A)$ 32,000
• B)$128,000
• C)$168,000
• D)$200,000

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Definitions:

Psychodynamic

A psychological method focusing on the detailed examination of the underlying psychological dynamics influencing human actions, emotions, and sentiments, and their connection to early life experiences.

Generalized Anxiety Disorders

A mental health disorder characterized by excessive, uncontrollable worry about everyday things, affecting daily functioning.

DSM-5 Diagnosis

is the process of identifying mental disorders using the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification system.

Irrational Fear

An excessive and unreasonable fear response to a particular object, situation, or activity, often leading to avoidance behaviors.