Casey Company Reacquired 5,000 Shares of Its Common Stock for $13/share

question 7

Multiple Choice

Casey Company reacquired 5,000 shares of its common stock for $13/share. The debit to treasury shares will be:

• A) $10,000.
• B) $65,000.
• C) $75,000.
• D) $5,000.
• E) based on the last treasury stock transaction.

---

Definitions:

Labor Unions

Organizations formed by workers in various industries to protect and advance their rights, wages, benefits, and working conditions through collective bargaining.

Members

Individuals or entities that are part of a group, organization, or system with certain rights, responsibilities, or roles.

Public Sector

The portion of an economy that is controlled by the government, including various government services and enterprises.

Unionized

Pertains to workers who are members of a union, which negotiates collective bargaining agreements.