C Worthy Ships Initially Issued 300,000 Shares of $1 Par

question 132

Multiple Choice

C. Worthy Ships initially issued 300,000 shares of $1 par stock for $1,500,000 in 2018. In 2020, the company repurchased 30,000 shares for $300,000. In 2021, 15,000 of the repurchased shares were resold for $240,000. In its balance sheet dated December 31, 2021, C. Worthy's treasury stock account shows a balance of:

• A) $ 0
• B) $ 60,000
• C) $150,000
• D) $300,000

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Definitions:

Olfactory Bulb

A brain structure located in the forebrain involved in the sense of smell, serving as the initial processing site for olfactory information.

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Amygdala

An almond-shaped mass of nuclei located deep within the temporal lobes of the brain, involved in emotion regulation, memory processing, and decision-making.