A Corporation Has the Following Account Balances: Common Stock $1

question 130

Multiple Choice

A corporation has the following account balances: Common stock $1 par value $30000; Paid-in Capital in Excess of Par $650000. Based on this information the

• A) legal capital is $680000.
• B) number of shares issued is 30000.
• C) number of shares outstanding is 680000.
• D) average price per share issued is $11.25.

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Definitions:

Organic

Often used to describe farming practices that avoid the use of synthetic fertilizers and pesticides, or organizations and systems that are flexible and adapt to changes naturally.

Mechanistic

Characterizes an organizational structure that is highly bureaucratic, with strict rules, procedures, and a clear hierarchy, focusing on efficiency and predictability.

Flexible

Capable of adapting to changes and new conditions in a thoughtful and efficient manner.

Span of Control

The number of individuals that a manager or supervisor is directly responsible for overseeing in an organizational structure.