Multiple Choice
Total shares outstanding will be
A) 20,000 under alternative I and zero under alternative II.
B) 40,000 under alternative I and 60,000 under alternative II.
C) 60,000 under alternative I and 40,000 under alternative II.
D) 60,000 under both alternative I and alternative II.
Correct Answer:
Verified
Correct Answer:
Verified
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