____ 45. In regards to the shares of a corporation, which statement is not valid:a.authorized shares may be greater than issued sharesb.issued shares may be greater than outstanding sharesc.outstanding shares may be greater than authorized, due to any treasury shares heldd.treasury shares reduce the number of issued shares to determine outstanding shares____ 46. When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds area.convertible bondsb.unsecured bondsc.debenture bondsd.callable bonds

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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____ 45. In regards to the shares of a corporation, which statement is not valid:

a.	authorized shares may be greater than issued shares
b.	issued shares may be greater than outstanding shares
c.	outstanding shares may be greater than authorized, due to any treasury shares held
d.	treasury shares reduce the number of issued shares to determine outstanding shares

____ 46. When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are

a.	convertible bonds
b.	unsecured bonds
c.	debenture bonds
d.	callable bonds

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