A Corporation Purchases 30,000 Shares of Its Own $15 Par

question 211

Multiple Choice

A corporation purchases 30,000 shares of its own $15 par common stock for $30 per share, recording it at cost.What will be the effect on total stockholders' equity?

• A)Increase by $450,000
• B)Decrease by $900,000
• C)Increase by $900,000
• D)Decrease by $450,000

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Definitions:

Tasks Folder

A specific folder within task management or email software where tasks or to-do items are stored and organized.

Sales Proposal

A document designed to outline the benefits of a product or service, aiming to convince a potential client to make a purchase.

Priority Level

The designated importance or urgency assigned to a task, project, or process, determining the order in which tasks should be addressed.

Deferred

Postponed or delayed to a later time or date.