M1 Assignment 3 Applied Learning
December 16, 2020
Offer three different ideas that might impact water availability at three different scales: local, national, and international/global.
December 16, 2020

Before a three-for-one stock split, the shares outstanding were 5,000 shares at $12 par. After the split, what was the par and number of shares?
A. 15,000 shares at $12 per share
 
B. 20,000 shares at $6 per share
 
C. 15,000 shares at $4 per share
 
D. 5,000 shares at $48 per share

To record the purchase of treasury stock,
A. debit Treasury Stock—Common (par value) and credit Cash (same).
 
B. debit Treasury Stock—Common (purchase price) and credit Cash (same).
 
C. debit Treasury Stock—Common (par value) and debit any difference to Paid-In Capital; credit Cash (purchase price).
 
D. None of the above

 
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