Jack CoIssued 675,000 Shares at $0

question 100

Multiple Choice

Jack Co.issued 675,000 shares at $0.25 per share of common stock.If 75,000 shares were subsequently reacquired, _____ shares are considered outstanding.

• A) 750,000
• B) 600,000
• C) 675,000
• D) 75,000

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Definitions:

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving widespread technological innovation.

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist known for his theories about capitalism and communism.

Consequences

The outcomes or results that naturally follow from an action or condition, affecting how situations unfold.

Sociological Imagination

The ability to see the connections between personal experiences and larger social forces, a concept introduced by C. Wright Mills.