The Charter of a Corporation Provides for the Issuance of 100,000

question 94

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock.Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired.What is the number of shares outstanding?

• A)5,000
• B)35,000
• C)45,000
• D)55,000

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Definitions:

Ethical Reasoning

involves using moral principles and values to evaluate and make decisions about what is right or wrong in various situations.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Unhappiness

A state of mind or feeling characterized by dissatisfaction, sadness, or lack of joy.

Ethically Ambiguous

Situations or actions that are unclear in terms of morality or ethics, often presenting a dilemma.