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Bryce Canyon,CPA Is Auditing the Financing Cycle of Top Hat,Inc

Question 101

Multiple Choice

Bryce Canyon,CPA is auditing the financing cycle of Top Hat,Inc.He reviews the articles of incorporation and bylaws of Top Hat in relation to the company's common stock to determine proper disclosure of which of the following?


A) authorized shares and par value.
B) issued shares and treasury stock outstanding.
C) number of shares reserved for retained earnings.
D) state of incorporation and officers.

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