Multiple Choice
AZ Best,Inc.'s corporate charter allows it to issue 1,500,000 shares of common stock.In 2011,its first year of business,the company sold 200,000 shares of common stock.In 2011,the company bought back 5,000 shares to be held as treasury stock.At December 31,2011,how many shares of common stock are authorized?
A) 5,000 shares
B) 1,300,000 shares
C) 200,000 shares
D) 1,500,000 shares
Correct Answer:
Verified
Correct Answer:
Verified
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