Please Refer to the Following Information for Peartree Company

question 91

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 Treasury stock account would go down by $12,000.
• B)The Paid-in capital account would go up by $4,000.
• C)The Treasury stock account would go down by $16,000.
• D)The Retained earnings account would go up by $4.000.

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Definitions:

Spontaneous Anger

A sudden and intense emotional response of anger that arises unexpectedly, often triggered by a perceived wrong or injustice.

Type A Behaviour

A pattern of behavior characterized by competitiveness, ambition, impatience, aggressiveness, and a fast-paced lifestyle, often linked to stress and heart disease.

Disinhibited

The reduction or absence of restraint over one's emotions, impulses, or behaviors, often resulting in actions that are spontaneous or considered socially inappropriate.

Illegally

Pertains to actions or activities that violate laws or regulations.