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.

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Definitions:

Nociceptor

A sensory receptor that responds to damaging or potentially damaging stimuli by sending signals to the spinal cord and brain.

Thermoreceptor

A type of sensory receptor specialized to detect changes in temperature.

Meissner's Corpuscles

Specialized nerve endings in the skin that are sensitive to light touch and texture.

Hypodermis

The deepest layer of the skin, composed of fat and connective tissue, providing insulation and cushioning for the body.