Which Situation Below Would Represent a Shortage in the Oil

question 81

Multiple Choice

Which situation below would represent a shortage in the oil market?

• A)Quantity demanded is 5.2 million;quantity supplied is 5.1 million.
• B)Market price $75.00 per barrel;equilibrium price $81.00 per barrel.
• C)Market price $81.00 per barrel;equilibrium price $75.00 per barrel.
• D)Quantity supplied this year is 25% greater than quantity supplied last year.

Understand the accounting for and financial implications of stock issuance packages.

Understand the process and financial implications of stock conversions in corporate finance.

Recognize the accounting treatment for the conversion of preferred stock into common stock.

Identify how to calculate the shares issued during a stock conversion.