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A Financial Officer of KayGee Corporation Approves the Sale of One

Question 36

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A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described?


A) A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described? A) B) C) D) E)
B) A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described? A) B) C) D) E)
C) A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described? A) B) C) D) E)
D) A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described? A) B) C) D) E)
E) A financial officer of KayGee Corporation approves the sale of one million shares of $2 par value stock to obtain cash for the purchase of property on which to build a new manufacturing facility. Over the course of a week, all one million shares of stock were issued to stockholders for $27.50 per share. A cashier processed the cash received from each stockholder. Which of the following best summarizes the internal and external agents associated with the events as described? A) B) C) D) E)

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