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

question 87

Multiple Choice

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

• A) Casey's Paid-in Capital in Excess of Par Value account decreased $52,000.
• B) Casey's Common Stock decreased $40,000.
• C) Casey's Stockholders' Equity decreased $92,000.
• D) Casey's Stockholders' equity increased $52,000.

---

Definitions:

Computer Code

A set of instructions or commands written in a programming language used to perform specific tasks or operations on a computer.

Digital Signature

A cryptographic security feature that verifies the authenticity and integrity of digital documents or messages.

Digital ID

A digital representation of an individual’s identity used for authentication and access to services and systems over the internet.

Inspect Document

A feature in document editing software that scans for hidden metadata, personal information, or other content that may be shared unintentionally.