TF Qu. 11-01 If a corporation only has... If a corporation only has one class of shares, it is usually their common shares. True or False True False MC Qu. 11-07 Compact Corporation has 50,000,000 common... Compact Corporation has 50,000,000 common shares, authorized, and 16,697,000 shares issued and outstanding with a market value of $0.01 each at the time of issue (the issue proceeds) and a current market value of $0.03 per common share. Its total contributed capital is $199,623,000. The average price received by Compact for one common share was Multiple Choice $3.99 $0.01 $21.13 $11.96 TF Qu. 11-04 A stock split results in... A stock split results in a proportionate increase in the number of shares outstanding. True or False True False MC Qu. 11-23 Outstanding shares are those which... Outstanding shares are those which Multiple Choice have been issued to investors. have been issued, and have not been bought back by the company. are authorized, but have not yet been issued. the company is permitted by its charter to issue