A corporate charter specifies that the company may sell up

Reference no: EM13578337

A corporate charter specifies that the company may sell up to 25 million shares of stock. The company sells 17 million shares to investors and later buys back 5.5 million shares.

The current number of outstanding shares after these transactions have been accounted for is:

25.0 million shares.

13.0 million shares.

11.5 million shares.

8.0 million shares.

The number of issued shares after these transactions have been accounted for is:

rev: 03-03-2011

	12 million shares.
	20 million shares.
	13 million shares.

Reference no: EM13578337

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