The Number of Shares of Issued Stock Equals

question 142

Multiple Choice

The number of shares of issued stock equals

• A)unissued shares minus authorized shares.
• B)outstanding shares plus treasury shares.
• C)subscribed shares plus outstanding shares.
• D)authorized shares minus treasury shares.

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Definitions:

External Auditors

Independent third-party auditors who evaluate an organization’s financial statements to ensure accuracy and compliance with accounting standards.

Retrospective Adjustment

Adjusting the financial statements of past periods to reflect the application of new accounting policies as if they had been applied all along.

Accounting Principle

Fundamental guidelines or rules that form the basis for financial accounting and reporting practices, aimed at ensuring consistency and comparability.

Comparative Financial Statements

Financial reports that show the financial position, performance, and cash flows of a company across different periods side by side for comparison.