Assume the Following Information for Petra Sales,Inc

question 189

Multiple Choice

Assume the following information for Petra Sales,Inc.: • Common Stock,$1.00 par,232,000 shares issued,186,000 shares outstanding
• Paid-In Capital in Excess of Par-Common: $1,770,000
• Retained Earnings: $2,450,000
• Treasury Stock: 26,000 shares purchased at $12 per share
If Petra Sales purchases an additional 13,000 shares of treasury stock at $18 per share,what number of shares will be shown as issued and outstanding?

• A)18 issued; 186,000 outstanding
• B)219,000 issued; 186,000 outstanding
• C)232,000 issued; 173,000 outstanding
• D)232,000 issued; 186,000 outstanding

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Definitions:

Management

The process of dealing with or controlling things or people, which involves planning, organizing, leading, and controlling an organization's or team's activities.

Workplace Issues

Challenges or problems that arise in the work environment affecting employees' performance, satisfaction, or well-being, such as harassment, discrimination, or safety concerns.

Adversarial Bargaining

A negotiation strategy where parties view each other as opponents, aiming to win concessions from the other side rather than finding mutually beneficial solutions.

Employers and Employees

Parties in a traditional work relationship where the employer provides compensation to the employee in exchange for performing specified job duties.