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Help please! 1) Which of the following is correct about reissuing treasury stock? a) If treasury stock is sold at a higher price than the

Help please!

1) Which of the following is correct about reissuing treasury stock?

a) If treasury stock is sold at a higher price than the stock's cost when the company reacquired it, a gain will be recognized.

b) If treasury stock is sold at a higher price than the stock's par value, a gain will be recognized.

c) If the treasury stock is sold at a lower price than the amount of the original issuance, a loss will be recognized.

d) A gain or loss on the reissuance of treasury stock is never recognized.

Advantages of the corporate form include all of the following except:

a) easy to raise capital.

b) shares can be purchased in small amounts.

c) ownership interests are transferrable.

d) legal liability of its owners is unlimited.

Which of the following statements is correct?

a) Stock splits and stock dividends both reduce the market price of a share, but only stock splits reduce the par value of a share.

b) Stock splits and stock dividends both reduce the market price of a share and the par value of a share.

c) Stock splits and stock dividends both reduce the market price of a share, but only stock dividends reduce the par value of a share.

d) Stock splits and stock dividends both reduce the market price of a share and reduce Retained Earnings.

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