A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per

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A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share. 11,000 shares are issued and 1,000 of which are in the treasury.

1. How many shares are outstanding (shares entitled to receive dividends)?

a. 1,000.
b. 10,000.
c. 11,000.
d. 15,000.

Related Book For answer-question

Horngrens Financial and Managerial Accounting The Financial Chapters

ISBN: 978-0134486857

6th edition

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Sep 21, 2022 01:52 AM

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A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per

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Horngrens Financial and Managerial Accounting The Financial Chapters

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