A) Pepsi Co. purchased 44,000 shares of its $2.00 par common stock for $24 per share, as treasury stock. What effect will this purchase have on the stockholders equity of Pepsi? Will stockholders' equity increase or decrease, and by how much?

B) I'm thinking about investing in a 3-year, $5,000 annuity. How much should I pay for this annuity if I desire a rate of return of 8%? Calculations:

C) Are sole proprietorships, corporations, and partnerships considered an income taxable entity? If not all which of them are?