$4-$Alternative Multiple$-$Choice Questions

$(11$ questions, $2$ points each$)$

Clean surplus accounting for most common stock transactions holds for shares accounted for at market value. $A_n$ exception to this is:

a$.$ None of these.

b$.$ repurchase of common shares.

c$.$ issuance of common equity shares for employee stock options exercises.

d$.$ issuance of common shares to new shareholders in public exchanges.