Bryce Canyon,CPA Is Auditing the Financing Cycle of Top Hat,Inc

question 101

Multiple Choice

Bryce Canyon,CPA is auditing the financing cycle of Top Hat,Inc.He reviews the articles of incorporation and bylaws of Top Hat in relation to the company's common stock to determine proper disclosure of which of the following?

• A)authorized shares and par value.
• B)issued shares and treasury stock outstanding.
• C)number of shares reserved for retained earnings.
• D)state of incorporation and officers.

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Definitions:

Organization's Culture

The set of shared beliefs, values, norms, and practices that shapes the behavior and thinking of all members within an organization.

Unfreeze, Change, Refreeze

A three-stage model in change management where 'unfreeze' means preparing for change, 'change' is the implementation of the change, and 'refreeze' is solidifying or stabilizing the change.

Social Systems

Interconnected and interdependent structures that consist of people or groups interacting under a set of shared norms or values, which contribute to the functioning of society.

Organizational Development (OD)

A discipline committed to advancing the competencies and insights of people to bring about more efficient change and higher performance in organizations.