Please Refer to the Following Information for Peartree Company

question 94

Multiple Choice

Please refer to the following information for Peartree Company: If Peartree resold 800 shares of treasury stock for $15 per share, what amounts would be shown for the number of shares issued and outstanding?

• A)100,800 issued; 95,000 outstanding
• B)100,000 issued; 95,800 outstanding
• C)100,000 issued; 94,200 outstanding
• D)100,000 issued; 5,800 outstanding

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Definitions:

Tax-free

Financial gains or earnings that are not subject to taxation by government authorities.

Health Care Industry

Comprises entities involved in providing medical services, manufacturing medical equipment or drugs, providing medical insurance, or otherwise facilitating the provision of healthcare to patients.

Equilibrium Price

The cost point where consumer demand for a particular good or service meets producer supply, leading to a balanced market situation.

Insured Pay

Payments made to an insured individual under the terms of an insurance policy.