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

question 86

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

• A) 5,000
• B) 45,000
• C) 40,000
• D) 50,000

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Definitions:

Database System

A systematic collection of data that supports electronic storage and manipulation of information, allowing for easy retrieval, management, and updating of data.

Knowledge-Based System

A business intelligence system that provides intelligence that supplements the user’s own intellect and makes the decision support system more effective.

Business Situation

A set of circumstances or conditions faced by a business that requires strategy and decision-making.

Sieve-tube Members

Specialized cells in the phloem of plants that facilitate the transport of sugars and nutrients from the leaves to other parts of the plant.