Helix Corporation Has 150,000 No Par Value Common Shares Authorized

question 49

Multiple Choice

Helix Corporation has 150,000 no par value common shares authorized, issued and outstanding. All 150,000 shares were issued at $ 80 per share. Retained earnings are $ 325,000. If 3,000 shares were reacquired at $ 99 and cancelled, shareholders' equity would decrease by

• A) $ 0.
• B) $ 57,000.
• C) $ 240,000.
• D) $ 297,000.

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Definitions:

Thalamus

A structure in the brain that acts as a relay station for information between the sensory organs and the cerebral cortex.

Hypothalamus

A region of the brain responsible for hormone production and regulation of critical bodily functions like temperature and hunger.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions such as fear and pleasure, as well as instincts and mood control.

Medulla

The inner region of an organ or tissue, or specifically, the lower part of the brainstem which is involved in regulating vital body functions such as heart rate and breathing.