33. If a company buys back some of its own common stock, what would the impact o

Question

33. If a company buys back some of its own common stock, what would the impact on the financia statements be? a. Increase in assets, decrease in stockholders' equity b. Decrease in assets, decrease in stockholders' equity c. Increase in assets, increase in stockholders' equity d. decrease in assets, increase in stockholders' equity 34. On a statement of cash flows, which one of the following is an example of a cash outflow fro financing activity (a subtraction in the financing section)? a. Payment of dividends to stockholders b. Purchase of property, plant, and equipment c. An increase in accounts payable d. A decrease in accounts receivable

Explanation / Answer

33 Decrease is assets, decrease in stockholders' equity 34 Payment of dividend to stockholders

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