A company buys back its own shares of stock. Identify the true statement below regarding thi type of activity. Select one: O a. This activity will impact the equity section of the balance sheet Ob. This activity will impact the asset side of the balance sheet oc. To recognize this activity, companies frequently record the cost of this activity as a "contra equity entry titled Treasury Stock on the Balance Sheet. od. Buy backs tend to positively impact the price of a company's shares (that is, they will cause the stock price for a company to rise). O e. All of the statements above are true regarding buy backs. I am reviewing the multi-step income statement for a company and I see the following: Earnings before interest and taxes $ 1,239,457 Interest expense 145.101 Earnings before taxes $ 1,094,356 Provision for taxes 420.036 Net Income $ 674,320 From this information, what do you think is the approximate tax rate for this company? Select one: @a. 35.096 b. Cannot be determined - insufficient information C. 62.3% d. 38.9% e. 33.9%