Question
Toycie Company was authorized to issue 900,000 shares of common stock. The company issued 90,000 shares of stock and later purchased back 3,000 shares. The
Toycie Company was authorized to issue 900,000 shares of common stock. The company issued 90,000 shares of stock and later purchased back 3,000 shares. The number of outstanding shares (# of shares currently owned by the shareholders) of common stock is:
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A. 810,000
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B. 813,000
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C. 90,000
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D. 87,000
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Corporate Fraud Prevention And Detection
Authors: Joseph T. Wells
5th Edition
1119351987, 9781119351986
