Friday, March 1, 2019

Which of the following represents the total number of shares that a corporation may issue under the terms of its charter?

Which of the following represents the total number of shares that a corporation may issue under the terms of its charter?



a. authorized shares
b. issued shares
c. unissued shares
d. outstanding shares


Answer: authorized shares

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Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

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