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.

---

Definitions:

Financial Reports

Summaries of a company's financial status, including balance sheets, income statements, and cash flow statements, provided to stakeholders.

Differences

Variances or discrepancies between two or more entities, items, or concepts, highlighting divergence or inequality.

Internal Users

Individuals or groups within an organization who use its information or systems for operational purposes.

Management Reports

Compiled data and analysis prepared for business managers to aid in making informed decisions regarding the company's operations.