A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share. 11,000 shares are issued and 1,000 of which are in the treasury. How many shares are outstanding (shares entitled to receive dividends)? Choices; 1,000 10,000 11,000 15,000
A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share. 11,000 shares are issued and 1,000 of which are in the treasury. How many shares are outstanding (shares entitled to receive dividends)? Choices; 1,000 10,000 11,000 15,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share. 11,000 shares are issued and 1,000 of which are in the treasury. How many shares are outstanding (shares entitled to receive dividends)?
Choices;
1,000
10,000
11,000
15,000
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