Please Refer to the Following Information for Peartree Company

question 145

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
-
If Peartree resold 1,000 shares of treasury stock for $24 per share, which of the following statements would be TRUE?

• A) The Treasury stock account would go down by $20,000.
• B) The Paid-in capital account would not be affected.
• C) The Treasury stock account would go up by $24,000.
• D) The Paid-in capital account would go down by $4,000.

---

Definitions:

Decreased Immunity

Describes a condition where an individual's immune response is weaker than normal, making them more susceptible to infections and diseases.

Vaccinations

The administration of vaccine doses to stimulate an individual's immune system against infectious diseases, a critical public health tool.

Antibiotics

Medications used to treat bacterial infections by killing or inhibiting the growth of bacteria.

Fluid Volume Overload

A medical condition where there is too much fluid in the blood, leading to swelling and other related symptoms.