Capoeira Company is authorized to issue 40,000 shares of $0.50 par value stock. On February 1, it issues 8,000 shares. On April 20, an additional 14,000 shares are issued. On September 23, Capoeira repurchases 10,000 shares. On November 3, it reissues half of the shares it repurchased in September. How many outstanding shares does Capoeira have on December 31?

options:

22,000

17,000

40,000

12,000

Anyone not a stockholder on the date of record of a dividend will not be eligible to participate in that dividend.

options:

True/False