Please Refer to the Following Information for Peartree Company

question 102

Multiple Choice

Please refer to the following information for Peartree Company: If Peartree purchases an additional 1,000 shares of treasury stock at $18 per share, what amounts will be shown for the number of shares issued and outstanding?

• A)100,000 issued; 94,000 outstanding
• B)99,000 issued; 95,000 outstanding
• C)100,000 issued; 96,000 outstanding
• D)101,000 issued; 99,000 outstanding

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Definitions:

Eighteenth Brumaire

The event on November 9, 1799, by the French Revolutionary calendar (Brumaire 18), when Napoleon Bonaparte overthrew the French government, establishing himself as the First Consul and leading to his eventual dictatorship.

Louis Napoleon

Napoleon III, the nephew of Napoleon Bonaparte, who became the first President of France and then Emperor, leading France during significant industrial expansion in the 19th century.

Karl Marx

A German philosopher, economist, and socialist revolutionary whose works, including the Communist Manifesto, laid the foundation for the theory and practice of communism.

Louis Napoleon

Louis Napoleon, also known as Napoleon III, was the first President of France and later the Emperor of the French, ruling from 1848 to 1870, known for his significant modernization of the French economy and urban development.