The Charter of Delta Corporation Specified a Maximum of 25,000

question 6

Essay

The charter of Delta Corporation specified a maximum of 25,000 shares of common stock.At the current date,5,000 shares remain unissued,and 2,000 of the issued shares have been repurchased and are still held by Delta.
Calculate the number of shares that are:
A.Authorized
B.Issued
C.Held in the treasury
D.Outstanding

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Latent Learning

Pertains to knowledge acquired without any immediate or visible reinforcement or outcome, becoming apparent only when needed.

Injunctive Norm

A belief about what behaviors are generally approved of or disapproved of in one’s culture.

Descriptive Norm

A belief about what most people typically do.