Anole Company Anole Company Was Incorporated as a New Business on January

question 33

Multiple Choice

Anole Company
Anole Company was incorporated as a new business on January 1, 2015.The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock.On January 1, 2015, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share.Net income for the year ended December 31, 2015, was $375,000.
-Refer to the information about Anole Company.
The number of Anole's unissued shares of common stock at December 31, 2015, is

• A)6,000.
• B)8,000.
• C)10,000.
• D)12,000.

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Definitions:

Polymorphism

A concept in object-oriented programming that allows methods to do different things based on the object that it is acting upon, supporting methods with the same name but different implementations.

Late Binding

A programming concept where method calls are resolved at runtime, allowing for more dynamic and flexible code.

Final Modifier

The final modifier in Java is a keyword used to declare a variable as unchangeable after its initial assignment, a method that cannot be overridden, or a class that cannot be subclassed.

Derived Class

A class in object-oriented programming that inherits properties and behavior from another class, known as the base class.