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Zathras Corporation Has 2,000,000,$1 Par Shares of Common Stock Authorized

Question 64

Multiple Choice

Zathras Corporation has 2,000,000,$1 par shares of common stock authorized.A total of 800,000 shares have been sold to stockholders and 40,000 shares have been repurchased by the firm and retired.How many issued and outstanding shares does Zathras have? Issued Outstanding


A) 2,000,000 800,000
B) 800,000 800,000
C) 800,000 760,000
D) 760,000 760,000

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