The balance sheet reports information about:
A) revenues, expenses, and equity.
B) liabilities, equity, and expenses.
C) assets, revenues, and liabilities.
D) assets, liabilities, and equity.
D
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Cripple Creek Distilleries Inc is an all equity company with 20M shares outstanding. It's stock last closed at $20. Cripple Creek has too much cash. The CEO, Levon Helm, wants to distribute the excess cash with an open market stock repurchase
He is contemplating buying back $5M worth of shares at a price of $20. What will the stock price be after completion of the repurchase? A) $19.00 B) $19.25 C) $19.50 D) $19.75 E) $20.00
Stock market averages and indexes are commonly used to measure the
A) specific behavior of companies. B) general behavior of stock prices. C) specific behavior of alternative investments. D) specific behavior of the economy.