Baria Inc Is Reacquiring 10,000 Common Shares

question 56

Multiple Choice

Baria Inc. is reacquiring 10,000 common shares. The price is $5.00/share and the average price is $5.10. Assuming that there is a contributed surplus balance of $5,000, which accounts will be affected by the transaction?

• A) Common shares, Contributed Surplus, Retained Earnings and Cash
• B) Common shares, Contributed Surplus and Cash
• C) Common shares, Retained Earnings and Cash
• D) Common shares and Cash

---

Definitions:

Pay-for-Knowledge Approach

A compensation strategy where employees are paid based on their skill sets and the knowledge they bring to the job.

Global Issues

Global issues refer to challenges and concerns that affect countries and populations worldwide, such as climate change, poverty, and international conflicts.

Classification System

A method for organizing data or objects into categories based on shared characteristics.

Job Evaluation

A systematic process for assessing the relative worth of jobs within an organization to establish a fair and equitable pay structure.