A Corporation Purchases 40,000 Shares of Its Own $30 Par

question 147

Multiple Choice

A corporation purchases 40,000 shares of its own $30 par common stock for $45 per share, recording it at cost.What will be the effect on total stockholders' equity?

• A)Increase by $1,800,000
• B)Decrease by $1,200,000
• C)Decrease by $1,800,000
• D)Increase by $1,200,000

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Definitions:

Sexuality

The capacity for sexual feelings and their expression, including sexual orientation, desires, practices, and identity.

Homophobia

The intense fear and intolerance of homosexuals.

Cross-gender Typing

A behavior or expression that does not align with traditional or societal expectations for a person's gender.

Homophobia

The fear, aversion, or discrimination against homosexuals or homosexuality.