The purchase of treasury stock ________.
A) decreases assets and stockholders' equity
B) increases assets and stockholders' equity
C) increases assets and decreases stockholders' equity
D) decreases assets and increases stockholders' equity
A) decreases assets and stockholders' equity
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On January 1, 2016, Petersen Corp sold a piece of equipment for $3,000 which it had used for several years. The equipment had cost $13,000, and its accumulated depreciation amounted to $9,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?
a. Assets and Stockholders' Equity increase $1,000. b. Assets decrease and Stockholders' Equity increases $3,000. c. Assets and Stockholders' Equity decrease $1,000. d. Assets and Stockholders' Equity decrease $3,000.
After Olay entered and took over the Indian market with its anti-aging lotion, Ponds decided to defend its home turf by investing heavily in a similar product, but that which used only natural ingredients. This is an example of a ________
A) position defense B) flank defense C) counteroffensive defense D) contraction defense E) mobile defense
A(n) ________ is a party who is unintentionally benefited by other people's contracts.
A. incidental beneficiary B. intended third-party beneficiary C. sub-assignor D. obligee
Ordinarily, the remedy for a seller's breach of a contract for a sale of real estate is damages
Indicate whether the statement is true or false