Which One of the Following Is the Correct Entry to Record

question 26

Multiple Choice

Which one of the following is the correct entry to record the purchase of treasury stock?

• A) DR Treasury stock\(\quad\)\(\quad\)96,000
• CR Cash\(\quad\)\(\quad\)\(\quad\)96,000
• B) DR Investments \(\quad\)96,000
• CR Cash\(\quad\)\(\quad\)96,000
• C) DR Common stock\(\quad\)\(\quad\)96,000
• CR Cash\(\quad\)\(\quad\)96,000
• D) DR Retained earnings\(\quad\)\(\quad\)96,000
• CR Cash\(\quad\)\(\quad\)96,000

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Definitions:

Social Anxiety

A chronic mental health condition in which social interactions cause irrational anxiety, fear, self-consciousness, and embarrassment.

Anticipated Social Interactions

The expectation or forecasting of future social encounters, which can influence behavior and emotions in the present.

Social Anxiety

A fear of social situations involving interaction with other people, leading to feelings of inadequacy, inferiority, self-consciousness, embarrassment, humiliation, or depression.

Introversion

A personality trait characterized by a focus on internal thoughts and feelings rather than seeking external stimulation.