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? a. 5,000 b. 45,000 c. 40,000 d. 50,000

Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 7% preferred stock. It is also authorized to issue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.

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 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.

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The charter of a corporation provides for the issuance of 25,000 shares of common stock. Assume that 15,000 shares were originally issued and 3,000 were subsequently reacquired. What is the number of shares outstanding? Answer a. 3,000 b. 12,000 c. 22,000 d. 15,000 e. 18,000

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The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 49,000 shares were originally issued and 6,200 were subsequently reacquired. What is the number of shares outstanding? O. 42,800 0 55,200 O 6.200 Od 49,000

The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Оа. 50,400 Оb. 63,000 Oc. 12,600 Od. 105,000 Previous Next