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dit View History Bookmarks Window Help tracststate sdu Question 9 of 30 20 Points A company would buy treasury stock for all of the following reasons excep? ?A. management believes the market price of stock is undervalued O B. to have stock available for management compensation C.to increase the number of potential invenstors by making t 0 D, to avoid a hostile takeover Reset Selection the shares more afordable Mark for Review What\'s This? Question 10 of 30 2.0 Points What is the total stockholders\' equity based on the following account balances? Common Stock Paid-in Capital in Excess of Par, CS 300,000 Retained Earnings Long-term debt Treasury Stock ?A.$490,000. $20,000 100,000 60,000 10,000 B.$390,000. C. $320,000. D.$410,000. Reset Selection MacBook Air

Solution

9) A company would buy treasury stock for all of the following reasons except

so answer is c) to increase the number of potential investor by making the share more affordable

10) Calculate total stockholder\'s equity :

So answer is d) $410000

Common Stock	20000
paid in capital in excess of par value	300000
Total Paid in capital	320000
Retained earnings	100000
Total	420000
Less; Treasury stock	-10000
Total Stockholder equity	410000