Solution. A corporate charter is a record of articles of incorporation under the US system.
The correct options are number one- specifies the shares of stock to be issued, third- describes the business activities, fourth- names the board of directors and, number fifth- specifies the number of shares outstanding.
Explanation: Option second is false as it is prepared by businesses to gain corporation certification.
select all that apply Select all that apply A corporate charter: specifies the shares of stock...
BONUS: A corporate charter specifies that the company may sell up to 10 million shares of stock. The company sells 6 million shares to investors and later buys back 1 million shares. The number of authorized shares after these transactions are accounted for is: The number of issued shares after these transactions have been accounted for is: The current number of shares of treasury stock after these transactions have been accounted for is: The current number of outstanding shares after...
select the best term for each definition below. Term
definition A. shareholder
Check my work Select the best term for each definition below Definitions a. Shareholders can lose no more than the amount they invest in the company. b. Corporate eanings are taxed twice-at the corporate level and individual shareholder level. c Like an S corporation, but there are no limitations on the number of owners as in an S corporation. d. Traces the line of authority within the corporation....
Authorized and available shares Aspin Corporation's charter authorizes issuance of 2,000,000 shares of common stock. Currently, 1,400,000 shares are outstanding, and 100,000 shares are being held as treasury stock. The firm wishes to raise $48,000,000 for a plant expansion. Discussions with its investment bankers indicate that the sale of new common stock will net the firm $60 per share. a. What is the maximum number of new shares of common stock that the firm can sell without receiving further authorization...
24) The price of a share of common stock in a publicly-traded firm represents A) the board of directors' assessment of the intrinsic value of the firm B) the market's evaluation of a firm's present and future performance © earnings after tax divided by the number of shares outstanding D) the book value of the firm's assets less the book value of its liabilities 25) A 30-year corporate bond issued in 1985 would now trade in the A) primary capital...
The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 59,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding?
Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10.000 were subsequently reacquired.What is the number of shares outstanding?
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were original issued and 5,000 were saber resoured. What is the number of shares outstanding? 3.70,000 b. 35,000 6. 30,000 d. 25,000
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding? a)40,000 b) 70,000 c) 50,000 d) 60,000
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? a. 25,000 b. 35,000 c. 70,000 d. 30,000
A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per share, and 25,000 shares of common stock with a par value of $1 per share. On January 15, 2015, 1,000 shares of preferred stock were issued for $7 per share along with 10,000 shares of common stock for $5.50 per share. How much would each account increase by for the issuance of the...