Glass Doors Inc. (GDI) is preparing the stockholders equity section of their balance sheet. The following items

Question:

Glass Doors Inc. (GDI) is preparing the stockholders’ equity section of their balance sheet. The following items occurred during the year. Which one of the following will not directly impact the stockholder’s equity section of the balance sheet?
a. GDI owns securities classified as available for sale (AFS) with a cost basis of $ 376,000 and a fair value of $ 321,000. An unrealized loss was recorded of $ 55,000.
b. 100 shares of treasury stock were repurchased under the cost method for $ 7,500. The stock had a of $ 10.00 per share.
c. GDI sold 1,000 shares of with a of $ 10 for $ 15,000.
d. GDI sold some old inventory for lower than originally paid.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...