Just in Thyme,Inc

question 7

Multiple Choice

Just In Thyme,Inc.has the following December 31,2014 equity balances: Common stock of $20,000; Additional paid-in capital of $30,000; and Retained earnings of $50,000.If Just In Thyme repurchases shares of its stock for $10,000,the total stockholders' equity balance would equal:

• A) $60,000.
• B) $90,000.
• C) $110,000.
• D) $40,000.

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Definitions:

Money Supply Growth

An increase in the total amount of money in circulation or in the hands of the public within an economy over a specific period.

Fiscal Reforms

Changes in government policies or taxation designed to improve a country's economic condition.

Credibility

The quality of being trusted and believed in, often critical in financial markets, international relations, and information dissemination.

Sacrifice Ratio

A measure of the economic cost of reducing inflation, quantified by the percentage loss in output or production for a one percent decrease in inflation.