A Corporate Charter Specifies That the Company May Sell Up

question 6

Multiple Choice

A corporate charter specifies that the company may sell up to 20 million shares of stock.The company sells 12 million shares to investors and later buys back 3 million shares.Of the 3 million shares bought back,the company cancels 2 million and holds 1 million.The number of authorized shares after these transactions are:

• A)12 million shares.
• B)20 million shares.
• C)9 million shares.
• D)18 million shares.

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Definitions:

Arborization

The branching process by which neurons extend dendrites to form complex networks for communication within the nervous system.

Dendrite Growth

The process by which neurons develop dendrites, branching extensions that receive synaptic inputs from other neurons.

Shaping

A method of behavior training in which successive approximations toward a desired behavior are reinforced.

Extension

An anatomical movement where muscles increase the angle between parts of the body, such as straightening an arm or leg.