Prior to June 1,a Company Has Never Had Any Treasury

question 206

Multiple Choice

Prior to June 1,a company has never had any treasury stock transactions.A company repurchased 100 shares of its common stock on June 1 for $5,000.On July 1,it reissued 50 of these shares at $52 per share.On August 1,it reissued the remaining treasury shares at $49 per share.What is the balance in the Paid-in Capital,Treasury Stock account on August 2?

• A)$5,050.
• B)$2,600.
• C)$100.
• D)$50.
• E)$0.

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Definitions:

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A theoretical model in political science that suggests policies will converge towards the preferences of the median voter in a majority rule voting system.

Benefits-Received Principle

The idea that those who receive the benefits of goods and services provided by government should pay the taxes required to finance them.

Limited And Bundled Choices

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Paradox Of Voting

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