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Please Refer to the Following Information for Peartree Company

question 30

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Please refer to the following information for Peartree Company: Please refer to the following information for Peartree Company:   If Peartree purchases an additional 1,000 shares of treasury stock at $18 per share, which of the following statements would be TRUE? A) The Treasury stock account would go down by $18,000. B) The Paid-in capital account would not be affected. C) The Retained earnings account would go down by $2,000. D) The Paid-in capital account would go down by $2,000. If Peartree purchases an additional 1,000 shares of treasury stock at $18 per share, which of the following statements would be TRUE?

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture.

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The belief in the superiority of one's own ethnic group or culture, often accompanied by a dismissal of other cultures.

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