Peter's Computers Purchased 4,000 Shares of Its Own $10 Par

question 57

Multiple Choice

Peter's Computers purchased 4,000 shares of its own $10 par value common stock for $92,000.As a result of this transaction:

• A)Peter's stockholders' equity increased $52,000.
• B)Peter's stockholders' equity increased $40,000.
• C)Peter's stockholders' equity decreased $92,000.
• D)Peter's stockholders' equity increased $92,000.

Understand expectancy-value theory and its application to goal-directed behavior.

Describe the phenomenon of transferred excitation and its effect on emotional reactions.

Interpret the self-regulatory perseveration theory of depression and its implications on goal pursuit.

Recognize the concept of ironic processing and its paradoxical effects on cognition and behavior.

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Definitions:

Elk V. Wilkins

A U.S. Supreme Court case in 1884 which ruled that Native Americans who voluntarily left their tribes did not automatically gain citizenship, emphasizing the distinct legal status of indigenous peoples.

Supreme Court

The highest federal court in the United States, having ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Citizenship

Membership in a nation or state, granting the individual certain rights and responsibilities under that entity's laws.

Liberty and Freedom

The condition of being free from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.