Multiple Choice
Which of the following statements is TRUE?
A) A share buy- back increases assets and decreases shareholders' equity.
B) A share buy- back decreases assets and decreases shareholders' equity.
C) A share buy- back increases assets and increases shareholders' equity.
D) A share buy- back decreases assets and increases shareholders' equity.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: On 1 January 2013, Parquet Sales issued
Q3: Prior period adjustments are shown as an
Q4: Preferred Products started business on 1 March
Q5: Cash dividends affect only shareholders' equity accounts.
Q6: ABC has 45 000 shares of $10
Q8: Which of the following will decrease the
Q9: Which of the following is a reason
Q11: An appropriation decreases Retained earnings.
Q12: One of the reasons for a share
Q12: Which of the following will decrease the