During 2010,Thomas Corporation Repurchased Some Shares of Its Own Common

question 76

Multiple Choice

During 2010,Thomas Corporation repurchased some shares of its own common stock.What effect did this transaction have on 2010 stockholders' equity and earnings per share,respectively? $$\begin{array} { l l l } & \text { Stockholders' Equity } & \text { Earnings Per Share } \\\text { A. } & \text { Decrease } & \text { No effect } \\\text { B. } & \text { Increase } & \text { No effect } \\\text { C. } & \text { Decrease } & \text { Decrease } \\\text { D. } & \text { Decrease } & \text { Increase }\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Responsibility

An obligation or duty to perform or complete a task effectively and ethically.

Delegation

The process where authority and responsibility are transferred from one person to another to carry out specific activities while retaining accountability.

Power Bases

The sources of power individuals or groups possess in social and organizational contexts, such as authority, knowledge, experience, and social networks.

Technical Skills

The specific knowledge and abilities required to perform tasks related to technology, engineering, mechanics, or other specialized fields.