Question
The chapter of a corporation provides for the authorization of 100,000 shares of common stock to be issued. Assume that 60,000 shares were originally issued
The chapter of a corporation provides for the authorization of 100,000 shares of common stock to be issued. Assume that 60,000 shares were originally issued and 20,000 were subsequently repurchased as treasury stock. What is the number of shares outstanding?
a.20,000
b.40,000
c.60,000
d.100,000
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Financial Accounting
Authors: Tony Davies, Ian Crawford
1st Edition
0273723073, 9780273723073
