A corporate charter specifies that the company may sell up to 31 million shares of stock. The company sells 21 million shares to investors and later buys back 8.5 million shares. The current number of outstanding shares after these transactions have been accounted for is:
A. 12.5 million shares.
B. 10.0 million shares.
C. 16.0 million shares.
D. 31.0 million shares.
Answer: A
You might also like to view...
Single-issue negotiations and the absence of a long-term relationship with the other party are the strongest drivers of ________-value (distributive) strategies.
Fill in the blank(s) with the appropriate word(s).
The more ______ the customer receives or expects to receive from the service, the more patiently the customer will wait.
a. attention b. value c. excuses d. focus
Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment?
a. Average b. LIFO c. FIFO d. HIFO
The planning method that appears to be becoming more popular is
A. bottom up. B. a combination of top down and bottom up. C. centralized planning. D. top down. E. sequential.