If a Company Has 75,000 Shares of Treasury Stock, 520,000

question 7

Multiple Choice

If a company has 75,000 shares of treasury stock, 520,000 shares outstanding, and 1,500,000 shares authorized, how many shares are issued?

• A) 500,000
• B) 75,000
• C) 520,000
• D) 595,000

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Definitions:

Thick Shale

Refers to a substantial accumulation of shale rock, which is a fine-grained sedimentary rock formed from clay and silt.

Limestone

A sedimentary rock mainly composed of calcium carbonate, formed either by direct precipitation from marine water or through the accumulation of shell, coral, and algal debris.

Sandstone

a sedimentary rock consisting primarily of sand-sized minerals or rock grains, most commonly quartz.

Limestone

A type of sedimentary rock, primarily composed of calcium carbonate, often formed from the remains of marine organisms.