At March 31, 2014, the Park Place Company Shows the Following

question 78

Multiple Choice

At March 31, 2014, the Park Place Company shows the following data on their balance sheet: Assume Park Place purchases an additional 2,000 shares of treasury stock at $25 per share. What will the total equity be after this transaction?

• A)$7,802,000
• B)$7,800,000
• C)$7,830,000
• D)$7,730,000

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Definitions:

Industrialized

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving large-scale industry and infrastructure development.

Treaty of Prague

An agreement concluded in 1866 after the Austro-Prussian War, leading to the dissolution of the German Confederation and the establishment of the North German Confederation.