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

question 203

Multiple Choice

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?

• A) 10,000
• B) 40,000
• C) 30,000
• D) 50,000

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Definitions:

Retrograde Interference

A memory disruption phenomenon where new information interferes with the recall of old information.

Ebbinghaus

Refers to Hermann Ebbinghaus, a psychologist known for his research on memory and the forgetting curve.

Anterograde Amnesia

A condition where an individual's ability to form new memories is impaired, hindering the acquisition of new information following the onset of the amnesia.

Retroactive Amnesia

The inability to recall old information because of the interference of new information learned.