The corporate charter of Gage Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Gage sold 70,000 shares to shareholders and reacquired 4,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The corporate charter of Gage Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In its negotiations with its investment bankers, Patton Electronics has reached an agreement whereby the investment bankers receive a smaller fee now (6% of gross proceeds versus their normal 10%) but also receive a 1-year option to purchase an
Answers (1)
What characteristics do all connective tissues share in common
Answers (1)
Which of the following tips can hurt your cash flow? increase your sales pay your bills early keep a cash reserve offer credit only to low risk borrowers
Answers (1)
When $45,000 of goods are completed in Production Department D and transferred to the finished-goods warehouse where completed products are stored, awaiting sale, the journal entry will include which of the following? Select one: a.
Answers (1)
What determines the elements of an organization s selection, training, and evaluation of leaders?
Answers (1)
New Questions in Business
The underlying principle found in almost all codes of ethics established by professional organizations or corporations is
Answers (1)
g in nov the us unemployment rate was 8.7% the census bureau includes nine states i the northwest region assume the random variable of the interest is the number of thenrthwest states with an unemployment
Answers (1)
The number of days' sales in receivables A. is an estimate of the length of time the receivables have been outstandingB. measures the number of times the receivables turn over each yearC. is Net Credit Sales divided by Average ReceivablesD.
Answers (1)
George offers to sell Penelope a ring that George found in his yard. He and Penelope look at the ring and decide that they are not sure what it is, probably just a shiny stone. Penelope pays George $10 for the ring.
Answers (1)
Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are select one: a. a substitute for sound judgment. b. useful analytical measures. c.
Answers (1)