If a corporation repurchases 500 shares of its previously-issued common stock for $5,000 and then reissues it for $4,000, which of the following statements is true regarding the difference in the amounts of the repurchase and reissuance?
A. It is reported as a loss on the sale of treasury stock.
B. It is reported as a gain on the sale of treasury stock.
C. It is a decrease in stockholders' equity.
D. It is an increase in stockholders' equity.
Answer: C
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When the Fed engages in an overnight repo
A. a bank agrees to hold a certain amount of clearing balances at the Fed. B. a secondary government securities dealer agrees to buy a security from the Fed one day and sell it back the next day. C. a primary government securities dealer agrees to sell a security to the Fed one day and buy it back the next day. D. The Fed repossesses property that a bank owns as punishment for the bank's failure to pay off a discount loan.
When project managers reduce the intensity of the conflict by smoothing over differences or interjecting humor when dysfunctional conflict arises, they are attempting to ________ the conflict.
A. Mediate B. Eliminate C. Control D. Encourage E. Arbitrate
Prepare a complete statement of cash flows using the direct method. Accrued Liabilities relate to other operating expenses.
Williams burg Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ending December 31, 2018:
Additional information provided by the company includes the following:
Equipment costing $60,000 was purchased for cash.
Equipment with a net asset value of $10,000 was sold for $16,000.
During 2018, the company repaid $43,000 of long-term notes payable.
During 2018, the company borrowed $34,000 on a new note payable.
There were no stock retirements during the year.
There were no sales of Treasury Stock during the year.
A conversion variance combines labor and overhead variances
Indicate whether the statement is true or false