Find the answer Problem of Financial Accounting: The charterof a corporation provides for the issuance of100,000 shares of common stock. Assume that85,000 shares were originally issued and 5,000were subsequently reacquired. What is thenumber of shares outstanding?

Explanation of Outstanding SharesOutstanding shares represent the total number of shares that are…

Answered: Problem of Financial Accounting: The…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 3MCQ: Authorized stock represents the: number of shares that are currently held by stockholders. number of...

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Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.
The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume that 41,103 shares were originally issued and $4,863 were subsequentially reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
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The charter of a corporation provides for the issuance of 108,244 shares of common stock. Assume that 44,779 shares were originally issued and 4,084 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $4,084 b. $44,779 c. $108,244 d. $81,390
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The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that 41,432 shares were originally issued and 3,112 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? Oa. $3,112 Ob. $41,432 Oc. $76,640 Od. $94,546
The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume that 37,231 shares were originally issued and 3,999 were subsequently reacquired. What is the amount of cash dividends to be paid if a $4 per share dividend is declared? Oa. $15,996 Ob. $148,924 Oc. $452,104 Od. $132,928 Previous Next
The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 52,000 shares were originally issued and 12,400 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. a-12,400 b-52,000 c-39,600 d-111,000
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Problem of Financial Accounting: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 85,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?