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:

Task Goals

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Thoughtful Manner

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Simulated Conflicts

Artificially created disputes or arguments used for training purposes to develop conflict resolution and problem-solving skills.

Inverted Funnel Sequence

A questioning sequence that begins with closed questions and proceeds to more open questions.