Assume the Following Information for Petra Sales,Inc

question 150

Multiple Choice

Assume the following information for Petra Sales,Inc.:
• Common Stock,$1.00 par,202,000 shares issued,180,000 shares outstanding
• Paid-In Capital in Excess of Par-Common: $1,690,000
• Retained Earnings: $2,490,000
• Treasury Stock: 30,000 shares purchased at $13 per share
If Petra Sales purchases an additional 7,000 shares of treasury stock at $15 per share,what number of shares will be shown as issued and outstanding?

• A)15 issued;180,000 outstanding
• B)195,000 issued;180,000 outstanding
• C)202,000 issued;173,000 outstanding
• D)202,000 issued;180,000 outstanding

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Definitions:

Employee Resistance

The opposition or pushback from employees against new policies, practices, or changes within an organization, often due to fear of the unknown or loss of control.

Education and Communication

Essential strategies for fostering understanding and facilitating the flow of information between individuals or groups.

Coercion

The act of compelling someone to act in a certain way by using force or threats.

Manipulation

A covert influence tactic aiming to change others' behaviors or perceptions through underhanded, deceptive, or abuse of power strategies.