A corporate charter specifies that the company may sell up to 20 million shares of stock.The company issues 12 million shares to investors and later repurchases 3 million shares.The number of issued shares after these transactions have been accounted for is:
A)12 million shares.
B)11 million shares.
C)9 million shares.
D)5 million shares.

Question

Quizplus · Accepted Answer

Issued shares are the shares of stock that have been distributed by the corporation.This corporation has 12 million shares issued.

A Corporate Charter Specifies That the Company May Sell Up