Vilnius Corporation Has 100,000 No Par Value Common Shares Authorized

question 43

Multiple Choice

Vilnius Corporation has 100,000 no par value common shares authorized, issued and outstanding.All 100,000 shares were issued at $90 per share.Retained earnings are $250,000.If 2,000 shares were reacquired at $98 and cancelled, shareholders' equity would decrease by

• A)$ 0.
• B)$ 16,000.
• C)$180,000.
• D)$196,000.

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Definitions:

Funding Proposals

Written documents submitted to potential funders or investors outlining a project or venture's objectives, methodology, and budgetary requirements.

Budgeting Guidelines

Recommended practices or principles for managing finances, often outlining how to allocate resources effectively across different areas of spending.

Justify Costs

The process of demonstrating that expenses or prices are reasonable and necessary for the completion of a project or the procurement of goods or services.

Scope of Project

The boundaries and extent of what a project will cover, including its goals, deliverables, tasks, and resources.