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In January 2007, Castro Corporation, a newly formed ...

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In January 2007, Castro Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, 2007, Castro Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. The acquisition of these treasury shares
a. decreased total stockholders' equity.
b. increased total stockholders' equity.
c. did not change total stockholders' equity.
d. decreased the number of issued shares.


2.The declaration and issuance of a stock dividend larger than 25% of the shares previously outstanding
a.increases common stock outstanding and increases total stockholders' equity.
b.decreases retained earnings but does not change total stockholders' equity.
c.may increase or decrease paid-in capital in excess of par but does not change total stockholders' equity.
d.increases retained earnings and increases total stockholders' equity.


Hi Linda,

Good day!

  1. A
  2. B

I hope this could help.

Thank you! :)

Neo and other Homework Specialists are ready to help you

Thank you for the accept.

I notice your question 3, 4 and 5. But because they're under the finance question, I cannot access them.

Would you like me to post the answer here instead?

Thanks. :)

Customer: replied 8 years ago.
Reply to Neo's Post: Yes please I must have posted to the wrong expert.
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