ABC Inc. repurchased 30 percent of its outstanding common stock from the open (secondary) market. What are

Fantastic news! We've Found the answer you've been seeking!

Question:

ABC Inc. repurchased 30 percent of its outstanding common stock from the open (secondary) market. What are the results from this activity?

a. A decrease in total assets.

b. A decline in earnings per share.

c. An increase in cash.

d. The number of stockholders would remain the same as a result of the preemptive right.

Posted Date: Jun 06, 2024 01:13 AM

See More Questions

Complete the accounts relating to the machinery and its depreciation up to the end of December 1988. This time, use the provision for depreciation method. LO.1
Osborn, Inc., produces cell phone equipment. Amanda Westerly, Osborns president, decided to devote more resources to the improvement of product quality after learning that her company had been ranked...
Please help. The only thing I haven't gotten right is the stock issued and I have tried everything I can think of. I have had tried the following and was told they were all incorrect: 0,...
3. (a) (10 points) Assume the characteristic polynomial of the differe 0 can be factorized to (Ac)2. Justify that ect and tect form a solution set using their Wronskian. qx = (b) (15 points) Solve...
3. Calculate the break-even number of patients (in total and for each type of reimbursement) for each of the following scenarios: a. Basic Care option, 20 percent private insurance and 80 percent...
Charlie, en bon vgtarien qu'il est, continue de se nourrie de pommes et de bananes. Sa fonction d'utilit est U (XA, XB) = XAXB. Le prix des pommes est de 1, le prix des bananes est de 2 et son revenu...
What role does conflict play in the establishment and maintenance of political power, and to what extent is coercion used to achieve political objectives ?
Make a presentation based on next requirements: 1. Amazon short description: type of organization, scope, size objectives, industry 2. Amazon Mission statement and features of two business functions....
The global economy is undergoing significant structural shifts that will re-orientate the world's supply chains. One of the most important changes is the digitalisation of manufacturing or Industry...
9. The cost, in millions of dollars, to build and maintain a prison is approximately C(x) = 1.65 + 0.15x - 0.00015x2, where x is the number of prisoner cells, and 20
o to the companys Web site at www.starbucks.com and find the information on the companys environmental activities from bean to cup. Select one of the steps in the chain (or your professor may assign...
Research the concept of lean organizations. What benefits does lean offer? How might a business like Starbucks further utilize the concepts of being lean?
Aaron Burr Corp. had $100,000 of 10%, $20 par value preferred stock and 12,000 shares of $25 par value com- mon stock outstanding throughout 2007. (a) Assuming that total dividends declared in 2007...

ABC Inc. repurchased 30 percent of its outstanding common stock from the open (secondary) market. What are

Question:

Expert Answer:

Students also viewed these finance questions