Multiple Choice
A corporate charter specifies that the company may sell up to 20 million shares of stock.The company sells 12 million shares to investors and later buys back 3 million shares.The number of authorized shares after these transactions are accounted for is:
A) 12 million shares.
B) 20 million shares.
C) 9 million shares.
D) 17 million shares.
Correct Answer:
Verified
Correct Answer:
Verified
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