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:

Accounts Receivable

Money owed to a company by its customers from sales or services on credit that is expected to be paid within a short duration, usually one year.

Inventory Turnover Ratio

A financial metric that measures how many times a company has sold and replaced its inventory over a specific period.

Cost of Goods Sold

The immediate financial obligations related to manufacturing goods sold by a company, involving workforce and materials.

Average Inventory

A calculation used to estimate the value or quantity of inventory a business has over a certain period, often used to evaluate inventory turnover.