A Corporate Charter Specifies That the Company May Sell Up

question 16

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 issued shares after these transactions are:

• A)12 million shares.
• B)9 million shares.
• C)10 million shares.
• D)18 million shares.

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Definitions:

Glia

Non-neuronal cells in the nervous system that provide support and protection for neurons.

Axon

A long, slender projection of a neuron that transmits electrical impulses away from the neuron's cell body to other neurons or to muscles or glands.

Soma

The cell body of a neuron, containing the nucleus and cytoplasm.

Dendrite

Branched extensions of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma.