Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
Which statement describes an economic impact of this technological advance?
A)
Consumer demand for compact discs has increased.
B)
Consumer demand for compact discs has decreased.
The efficiency of downloading music has decreased.
D)
The number of stand alone music stores has increased

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500