Montana Company Was Authorized to Issue 200,000 Shares of Common

question 65

Multiple Choice

Montana Company was authorized to issue 200,000 shares of common stock.The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.After the purchase of treasury stock,the number of outstanding shares of common stock was which of the following?

• A)190,000
• B)60,000
• C)40,000
• D)50,000

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Definitions:

Positivistic

Pertaining to the philosophy of positivism, which asserts that the only authentic knowledge is scientific knowledge, and such knowledge can only come from positive affirmation of theories through strict scientific method.

Social Problems

Issues within a society that are recognized by a significant number of people as being undesirable or needing improvement.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th centuries that transformed primarily agrarian, rural societies in Europe and America into industrialized, urban ones.

Urban Environments

Refers to cities and towns, focusing on their social, economic, and physical structures, as well as the challenges and opportunities they present.