Please Refer to the Following Information for Peartree Company

question 112

Multiple Choice

Please refer to the following information for Peartree Company: If Peartree resold 1,000 shares of treasury stock for $24 per share, which of the following statements would be TRUE?

• A)Total equity of the company would remain unchanged.
• B)Total equity of the company would go up by $24,000.
• C)Total equity of the company would go down by $24,000.
• D)Total equity of the company would go up by $4,000.

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