In 2014,Winn,Inc

question 20

Multiple Choice

In 2014,Winn,Inc. ,issued $1 par value common stock for $35 per share.No other common stock transactions occurred until July 31,2016,when Winn acquired some of the issued shares for $30 per share and retired them.Which of the following statements correctly states an effect of this acquisition and retirement?

• A)2016 net income is decreased.
• B)Additional paid-in capital is decreased.
• C)2016 net income is increased.
• D)Retained earnings is increased.

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Definitions:

Pipelining

A technique in computer architecture where multiple instructions are overlapped in execution to improve the performance of the execution of sequences of instructions.

Multiple Monitors

The use of more than one display screen at a time to expand visual workspace, often used to improve multitasking or enhance gaming and multimedia experiences.

System Clock

This internal clock is actually a special crystal that acts like a metronome, keeping a steady beat and controlling follows: One computer establishes a connection to the Internet service provider (ISP) and announces it has e-mail to send, the ISP server responds that it’s ready to receive, and the computer acknowledges the ready state of the server and begins to transmit the e-mail.