Please Refer to the Following Information for Peartree Company

question 73

Multiple Choice

Please refer to the following information for Peartree Company: If Peartree resold 800 shares of treasury stock for $15 per share, which of the following statements would be TRUE?

• A)The total equity of the company would be unchanged.
• B)The total equity of the company would go up by $12,000.
• C)The total equity of the company would go down by $12,000.
• D)The total equity of the company would go down by $4,000.

---

Definitions:

Implement

To put into effect or action; to execute a plan, agreement, or measure.

Evaluate Results

The process of analyzing outcomes to determine the extent to which objectives or goals have been achieved.

Tactical Plans

Short-term strategies designed to implement specific aspects of a more comprehensive strategic plan.

Strategic Objectives

Specific goals that an organization aims to achieve as part of its broader strategy, guiding decision-making and resource allocation.