When a company keeps its own stock records, which of the following procedures is not required?
A)Confirm outstanding common stock with stock registrar agent.
B)Inspect the stock record stubs for certificate numbers and number of shares.
C)Inspect the unissued certificates.
D)Obtain written representation about the number of shares issued and outstanding.

Question

Quizplus · Accepted Answer

When a company keeps its own stock records, confirming outstanding common stock with a stock registrar agent is not required because the company itself maintains the records, making an external confirmation unnecessary.

When a Company Keeps Its Own Stock Records, Which of the Following