2. Which of the following statements is true? a.The shares that are in the hands of the shareholders are said to be outstanding. b.It is very unlikely that corporations will have more than one class of shares outstanding. c.Preferred shares are shares that have been retired. d.The outstanding number of shares is the maximum number of shares that can be issued by a corporation.
2. Which of the following statements is true? a.The shares that are in the hands of the shareholders are said to be outstanding. b.It is very unlikely that corporations will have more than one class of shares outstanding. c.Preferred shares are shares that have been retired. d.The outstanding number of shares is the maximum number of shares that can be issued by a corporation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2.
Which of the following statements is true?
a.The shares that are in the hands of the shareholders are said to be outstanding.
b.It is very unlikely that corporations will have more than one class of shares outstanding.
c.Preferred shares are shares that have been retired.
d.The outstanding number of shares is the maximum number of shares that can be issued by a corporation.
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