Assume the Following Information for Western Sales,Inc

question 162

Multiple Choice

Assume the following information for Western Sales,Inc.: • Common Stock,$1.00 par,232,000 shares issued,185,000 shares outstanding
• Paid-In Capital in Excess of Par-Common: $1,690,000
• Retained Earnings: $2,460,000
• Treasury Stock: 47,000 shares purchased at $17 per share
If Western Sales purchases an additional 8000 shares of treasury stock at $20 per share,what number of shares will be shown as issued and outstanding?

• A) 185,000 issued; 185,000 outstanding
• B) 224,000 issued; 185,000 outstanding
• C) 232,000 issued; 177,000 outstanding
• D) 232,000 issued; 185,000 outstanding

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Definitions:

Prescription Drugs

Medications that can only be obtained with a written order from a doctor or other authorized healthcare professional.

National TV Advertising

A promotional strategy that involves broadcasting advertisements across an entire country via television, aiming to reach a wide audience.

Pull Strategy

A marketing technique aimed at creating demand for a product, prompting consumers to actively seek out the product, thereby "pulling" it through the distribution channels.

Manufacturer

An entity or individual that makes goods for sale through the use of labor, machinery, tools, and raw materials.