The Following Data Is Available for BOX Corporation at December

question 98

Multiple Choice

The following data is available for BOX Corporation at December 31, 2014: Ordinary shares, par €10 (authorized 25,000 shares} €200,000
Treasury shares (at cost €15 per share) 900
Based on the data, how many ordinary shares are outstanding?

• A) 25,000
• B) 20,000
• C) 24,940
• D) 19,940

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Definitions:

Trunnions

Trunnions are cylindrical protrusions used as a pivot or mounting point, commonly found in cannons, tanks, and heavy machinery for rotation or support.

Metal Fatigue

The phenomenon where metal experiences weakening or failure after repeated stress or strain over time.

U-joint Trunnion

Part of a universal joint that allows for the transfer of rotational movement in multiple directions, accommodating changes in angle between the parts it connects.

Spalling

The process where surface layers of a material break off in flakes or scales, often due to mechanical stress or corrosion.