The Charter of a Corporation Provides for the Issuance of 100,000

question 36

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

• A) 35,000
• B) 70,000
• C) 25,000
• D) 30,000

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Definitions:

Capacity For Change

The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.

Willpower

The ability to resist short-term temptations in order to meet long-term goals.

Habits Frequently

Regular patterns of behavior that are often carried out subconsciously and become routine through frequent repetition.

Willpower Exercises

Activities or practices aimed at strengthening an individual's self-control and ability to resist short-term temptations in pursuit of long-term goals.