Oxford Inc

question 246

Multiple Choice

Oxford Inc. was authorized to issue 100,000 £10 par value ordinary shares. As of December 31, 2014, the company had issued 44,000 shares at an average price of £22 per share. During 2014, the company felt that the shares were undervalued so it purchased 10,000 treasury shares at £18 per share. When the share price rebounded later in the year, the company sold 4,000 of the treasury for £25. Retained earnings was £1,658,000 at December 31, 2014. Total equity at December 31, 2014 is

• A) £2,446,000.
• B) £2,518,000.
• C) £2,546,000.
• D) £2,762,000.

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Definitions:

Object-relations Therapy

A form of psychotherapy focusing on understanding and treating the ways in which early relationships with primary caregivers influence an individual's current emotional and interpersonal functioning.

Marital Discord

Conflict or disharmony between married partners, often leading to stress and tension within the relationship.

Minimization

A defense mechanism or cognitive bias that involves downplaying the significance of an event or emotion.

Lifestyle Analysis

An approach in psychology that examines individuals' daily living patterns to understand their impact on health and wellness.