Which of the following is correct about reissuing treasury stock?
A. If treasury stock is sold at a higher price than the stock's par value, a gain will be recognized.
B. If the treasury stock is sold at a lower price than the amount of the original issuance, a loss will be recognized.
C. If treasury stock is sold at a higher price than the stock's cost when the company reacquired it, a gain will be recognized.
D. A gain or loss on the reissuance of treasury stock is never recognized.
Answer: D
You might also like to view...
Which of the following statements is true of the presentation of testimony?
A. A defendant's attorney may cross-examine each of the plaintiff's witnesses, trying to raise doubts as to the person's credibility or trustworthiness. B. A defendant's attorney may conduct a redirect examination to clarify the plaintiff's view of the facts. C. Under direct examination, each witness is sworn and then examined by the defendant's attorney. D. During a witness's testimony, the opposing attorney cannot object to the presentation of certain evidence.
Soon-Yi Park's chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel
Which of the following would be the LEAST effective component of a marketing plan for Soon-Yi to take advantage of this opportunity? A) develop a presence on LGBT-oriented social networking sites B) position his agency as focused on specialized experiences C) implement a mass marketing campaign D) place specially-targeted ads in gay-themed publications E) advertise on LOGO, the cable television network aimed at gays and lesbians and their friends and family
Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.88. Stock Investment Beta A $50,000 0.50 B $50,000 0.80 C $50,000 1.00 D $50,000 1.20 Total $200,000 If Jill replaces Stock A with another stock, E, which has a beta of 1.45, what will the portfolio's new beta be? Do not round your intermediate calculations.
A. 1.39 B. 1.28 C. 0.83 D. 1.22 E. 1.11
The United States Constitution:
a. has both clear rules and general principles b. has only clear rules c. has only general principles d. has one fundamental goal e. none of the other choices