Assume that a company paid OR 9 per share to purchase 1,000 of its OR 3 par common as treasury stock. The purchase of treasury stock Select one: A Decreased total equity by OR 3,000. B. Decreased total equity by OR 9,000. C. Increased total equity by OR 9,000. D. Increased total equity by OR 3,000. Bonds payable with a face value of OR 450,000 and a term of 10 years were issued on January 1, 2012, for OR 410,000. On the maturity date, what amount will the company pay to bondholders? Select one: A. OR 410,000 B. OR 400,000 C. OR 390,000 D. OR 450,000
Assume that a company paid OR 9 per share to purchase 1,000 of its OR 3 par common as treasury stock. The purchase of treasury stock Select one: A Decreased total equity by OR 3,000. B. Decreased total equity by OR 9,000. C. Increased total equity by OR 9,000. D. Increased total equity by OR 3,000. Bonds payable with a face value of OR 450,000 and a term of 10 years were issued on January 1, 2012, for OR 410,000. On the maturity date, what amount will the company pay to bondholders? Select one: A. OR 410,000 B. OR 400,000 C. OR 390,000 D. OR 450,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Assume that a company paid OR 9 per share to purchase 1,000 of its OR 3 par common as treasury stock. The purchase of
treasury stock
Select one:
A Decreased total equity by OR 3,000.
B. Decreased total equity by OR 9,000.
C. Increased total equity by OR 9,000.
D. Increased total equity by OR 3,000.
Transcribed Image Text:Bonds payable with a face value of OR 450,000 and a term of 10 years were issued on January 1, 2012, for OR 410,000. On the
maturity date, what amount will the company pay to bondholders?
Select one:
A. OR 410,000
B. OR 400,000
C. OR 390,000
D. OR 450,000
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