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:

Domain Specific

Relating to knowledge or skills that are limited to a particular area, subject, or field.

Facial Features

The distinct parts of the face such as eyes, nose, mouth, which contribute to individual appearance.

Negative Reinforcement

A learning process in behavioral psychology where the removal or avoidance of an unpleasant stimulus strengthens the behavior that avoids or removes the stimulus.

Cognitive

Related to the process of knowing, including aspects such as awareness, perception, reasoning, and judgment.