Which of the following is not a reason for a corporation to acquire treasury stock?
A) to reduce the likelihood of being acquired by another company
B) to maintain the market price of the company's stock
C) to reduce the earnings per share
D) to be used in the acquisition of other companies
C
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If Department K had 2,500 units, 45% completed, in process at the beginning of the period, 15,000 units were completed during the period, and 1,200 units were 40% completed at the end of the period, what was the number of equivalent units of production for the period if the first-in, first-out method is used to cost inventories?
A) 16,855 B) 16,605 C) 13,460 D) 14,355
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