The charter of a corporation provides for the issuance of 100.000 shares of common stock. Assume that 60,000 shares were originallyissued and 5,000 were subsequently reacquired. What is the number of shares outstanding?a. 5,000.b. 100.000.c. 60,000.d. 55.000.

ReferenceBrigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management (15th…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

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

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1. The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding? A. 30,000 B. 50,000 C. 10,000 D. 40,000 2. The par value per share of common stock represents the a. minimum amount the stockholder will receive when the corporation is liquidated. b. minimum selling price of the stock established by the articles of incorporation. c. amount of dividends per share to be received each year. d. dollar amount assigned to each share.

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The charter of a corporation provides for the issuance of 100.000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 5,000. b. 100.000. c. 60,000. d. 55.000.