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Problem 1: Outstanding shares are the
a. number of shares the corporation has repurchased.
b.number of shares that are owned by shareholders at the balance sheet date.
c. total number of shares that can be issued byt the corporation at any time.
d. number of shares that have been distributed to shareholders.
Problem 2: When a corporation issues new ordinary shares, which of the following WILL NOT increase?
a. Total assets
b. Total liabilities
c. Quick assets
d. Net worth
Problem 3: The owners of shares in a stock corporation are called
a. promoters.
b. incorporators.
c. shareholders.
d. members.
The information provided below is for an item in Harris Corporation's inventory at year-end. What should be the value of this inventory
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If you owned 600 shares of stock and the company announced a 3 for 2 stock split, how many shares would you own immediately after the split?
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