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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

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

FINANCIAL ACCOUNTING
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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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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