Cole Company Issued 10,000 Shares of Common Stock

question 71

Multiple Choice

Cole Company issued 10,000 shares of common stock. Cole purchased 1,000 shares and later reissued 500 shares. How many shares are issued and outstanding?

• A)10,000 issued and 9,500 outstanding
• B)9,000 issued and 9,000 outstanding
• C)9,500 issued and 9,000 outstanding
• D)10,000 issued and 10,000 outstanding

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Definitions:

Education

The process of facilitating learning or the acquisition of knowledge, skills, values, beliefs, and habits through various means.

Accommodation

In cognitive psychology, the process of modifying existing cognitive schemas, perceptions, and understandings to incorporate new information.

Biological Growth Processes

The natural and progressive development of an organism through stages of maturity, including changes in size, shape, and function.

Socially Acceptable Behaviors

Actions and practices that are considered acceptable and appropriate within a society or social group.