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:

Farm Productivity

The measure of output (such as crops or livestock) produced per unit of input (like labor or land) in agricultural activities.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and often lower Human Development Index (HDI) scores than developed countries.

Primitive Farming

Basic agricultural practices involving simple techniques and tools, typically used in subsistence farming to meet the farmers' immediate needs.

HIV/AIDS

Human Immunodeficiency Virus (HIV) is a virus that attacks the immune system, and Acquired Immunodeficiency Syndrome (AIDS) is the most advanced stage of HIV infection, characterized by the occurrence of any of more than 20 opportunistic infections or HIV-related cancers.