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

question 14

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.The number of outstanding shares of common stock was:

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

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Definitions:

Fluid-Filled Tube

A tube that contains fluid, often found in biological systems and mechanical devices, used for various functions such as cushioning or transport.

Pitch

A tone’s experienced highness or lowness; depends on frequency.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Steel Towns

Urban areas primarily developed around and dependent on the steel industry, characterized by steel mills, worker housing, and often a strong sense of community among workers.