Marketplace,Inc $\$ 15$ Per Share
June 14 Sold 800 Shares of the Treasury Stock

question 79

Essay

Marketplace,Inc.completed the following treasury stock transactions in 2016:
June. 3 Purchased 2,000 shares of the company's \$5 par value common stock as treasury stock, paying cash of $\$ 15$ per share.
June 14 Sold 800 shares of the treasury stock for cash of $\$ 20$ per share. Journalize these transactions.Explanations are not required.
How will Marketplace,Inc.report treasury stock on its balance sheet as of December 31,2016?

Recognize the importance of leadership in promoting an ethical culture within marketing.

Comprehend the integral role of ethics in sustaining marketing strategy and stakeholder trust.

Explore various approaches businesses can adopt to address environmental issues and benefit society.

Explain the relationship among marketing ethics, strategic planning, and organizational performance, including stakeholder orientation.

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Definitions:

Position Themselves

The strategy used by companies to define their market standing or niche, distinguishing themselves from competitors.

Postpurchase Cognitive Dissonance

The feeling of uncertainty or regret that a consumer may experience after making a purchase decision.

Lessen Dissonance

The act of reducing conflict or inconsistency, especially in the context of cognitive dissonance in psychology, where individuals strive for internal consistency between their beliefs and actions.

Frequent-Flyer Miles

Loyalty program points awarded by airlines to passengers who travel with them, which can be redeemed for flight discounts, upgrades, or other rewards.