ACC 400 AID Successful Learning / acc400aid.com ACC 400 AID Successful Learning / acc400aid.com | Page 19

d.
contractual interest rate increases, the market rate
of interest will decrease.
15. A company would not acquire treasury stock
a. in order to reissue shares to officers.
b. as an asset investment.
c. in order to increase trading of the company’s stock.
d.
to have additional shares available to use in
acquisitions of other companies.
16.
Which of the following is the appropriate general journal entry to
record the declaration of cash dividends?
a.
Cash
Retained Earnings