Ross Corporation Reported the Following Equity Section on Its Current

question 29

Multiple Choice

Ross Corporation reported the following equity section on its current balance sheet:
$$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common stock, } \$ 5 \text { par, } 140,000 \text { shares authorized, } 50,000 \text { shares } \\\text { issued }\end{array} & \$ 250,000 \\\hline \text { Paid in capital in excess of par-common } & 200,000 \\\hline \text { Retained earnings } & 207,000 \\\hline \text { Total stockholders' equity } & \$ \underline { 657,000 } \\\hline\end{array}$$
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Which of the following would occur if the corporation purchased 15,000 shares of its common stock for $9.50 per share?

• A) Stockholders' equity would increase by $142,500.
• B) Stockholders' equity would decrease by $75,000.
• C) Stockholders' equity would decrease by $142,500.
• D) Stockholders' equity would neither increase nor decrease.

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Definitions:

Cross-Functional Project Team

A group of individuals from different departments or areas of expertise working together towards a common project goal.

Traditional Work Team

A group of individuals who work together in a conventional setting to achieve common goals, typically with defined roles and a hierarchical leadership structure.

Self-Managed Operational Team

A group of employees responsible for controlling and managing their work processes and tasks without direct supervision.

Self-Managed Teams

Teams that operate with a high degree of autonomy, with members collectively making decisions and managing work processes without direct supervision.