The image contains a multiple-choice question on corporate stock issuance. The text reads:"The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?"Options:- a. 40,000- b. 45,000- c. 50,000- d. 5,000Below the question, there is a note saying, "Moving to the next question prevents changes to this answer."Keyboard details are present in the foreground, showing a typical MacBook layout, but they are not related to the question content. There are no graphs or diagrams.

Number of shares issued = No. of shares issued - No. of shares reaquiredNumber of shares issued = 45,000 shares - 5,000 shares = 40,000 shares

Business

Accounting

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? Oa. 40,000 Ob.45,000 Oc. 50,000 Od.5,000 Question 7 A Moving to the next question prevents changes to this answer.

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? Oa. 40,000 Ob.45,000 Oc. 50,000 Od.5,000 Question 7 A Moving to the next question prevents changes to this answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question Content Area The charter of a corporation provides for the issuance of 110,854 shares of common stock. Assume that 36,504 shares were originally issued and 3,924 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $36,504 b. $65,160 c. $3,924 d. $110,854
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
The charter of a corporation provides for the issuance of 136,000 shares of common stock. Assume that 66,000 shares were originally issued and 10,900 were subsequently reacquired. What is the number of shares outstanding? a.66,000 b.136,000 c.10,900 d.55,100
Provide solution
The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 51,000 shares were originally issued and 6,800 were subsequently reacquired. What is the number of shares outstanding?
Which of the following statements is true?a. The outstanding number of shares is the maximum number of shares that can beissued by a corporation.b. The shares that are in the hands of the stockholders are said to be outstanding.c. It is very unlikely that corporations will have more than one class of stock outstanding.d. Preferred stock is stock that has been retired.
A corporation that had 28,000 shares of common stock outstanding declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $92 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. Debit Credit Account
Need answer
The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume that 44,000 shares were originally issued and 3,100 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1-per-share dividend is declared? a.$44,000 b.$118,000 c.$40,900 d.$3,100
A corporation issues 4,550 shares of common stock $145,600. The stock has a stated value of $19 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include? Select the correct answer. $145,600 $59,150 $86,450 $4,550
The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a. 139,000 b. 54,000 c. 40,300 d. 13,700
The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume that 56,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a.56,000 b.13,700 c.42,300 d.117,000