Multiple Choice
Sherbrooke Ltd has 100,000 authorized shares and 80,000 issued shares. After it reacquires and retires 5,000 shares, it will have
A) 105,000 authorized shares and 85,000 issued shares.
B) 95,000 authorized shares and 80,000 issued shares.
C) 100,000 authorized shares and 75,000 issued shares.
D) 80,000 authorized shares and 75,000 issued shares.
Correct Answer:
Verified
Correct Answer:
Verified
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