Please Refer to the Following Information for Peartree Company

question 164

Multiple Choice

Please refer to the following information for Peartree Company:
• Common stock, $1.00 par, 100,000 issued, 95,000 outstanding
• Paid-in capital in excess of par: $2,150,000
• Retained earnings: $910,000
• Treasury stock: 5,000 shares purchased at $20 per share
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If Peartree resold 1,000 shares of treasury stock for $24 per share, what amounts would be shown for number of shares issued and outstanding?

• A) 100,000 issued; 96,000 outstanding
• B) 100,000 issued; 94,000 outstanding
• C) 101,000 issued; 96,000 outstanding
• D) 95,000 issued; 94,000 outstanding

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Definitions:

Subtle Biases

Unconscious beliefs or prejudices that affect our understanding, actions, and decisions in an indirect way.

Underrepresented Groups

Communities or populations that have lesser representation, visibility, or voice in certain areas or sectors compared to their proportion in the general population.

Americans With Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, and transportation.

Discriminatory

Behaviors, practices, or policies that unjustly distinguish or segregate individuals based on certain characteristics.