On January 1, 2019, Cocker Reacquired 8,000 of the Outstanding

question 112

Multiple Choice

On January 1, 2019, Cocker reacquired 8,000 of the outstanding shares of its own common stock for $34 per share.None of these shares belonged to Popper.How would this transaction have affected the additional paid-in capital of the parent company?

• A) $0.
• B) Decrease it by $32,900.
• C) Decrease it by $45,700.
• D) Decrease it by $23,100.
• E) Decrease it by $50,500.

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Definitions:

Reich

Refers historically to a German empire or realm.

Bystander Nonintervention

The phenomenon where individuals do not offer help to a victim when other people are present, often due to diffusion of responsibility or fear of making the situation worse.

Diffusion of Responsibility

A phenomenon where individuals are less likely to take action or feel a sense of responsibility when others are present.

Cognitive Dissonance

is a psychological phenomenon where an individual experiences discomfort due to conflicting beliefs, behaviors, or attitudes.