Question

Which of the following statements is true? Select one: a. Shares outstanding may exceed shares issued...

Which of the following statements is true?

Select one:

a. Shares outstanding may exceed shares issued

b. Shares outstanding may exceed shares authorized

c. Shares held in treasury may exceed shares issued

d. Shares held in treasury may exceed shares outstanding

Homework Answers

Answer #1

The correct answer is

shares held in treasury may exceed shares outstanding.

Explanation

Treasury shares are the shares of the company which has been purchased by the company it self. These shares can be more than the outstanding shares, as outstanding shares are the shares held by persons other than the company itself that is exclusing treasury stock. All other options are incorrect as putstanding shares can never be more than issue and authorized.and treasury shares cannot exceed the shares issued.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company has 30,000,000 authorized shares and 20,000,000 that are issued and outstanding. When the common...
A company has 30,000,000 authorized shares and 20,000,000 that are issued and outstanding. When the common shares (with a par value of $1.00) are trading for $10 in the marketplace, it announces a rights offering where each shareholder will receive one right for each share held, and four rights plus $8.00 will entitle the shareholder to purchase one treasury share. 52. What is the value of one right during the cum-rights period? a) $.40 b) $.50 c) $2.00 d) $2.25...
Which of the following statements may NOT be TRUE? Select one: a. It is inappropriate to...
Which of the following statements may NOT be TRUE? Select one: a. It is inappropriate to discount the cash flows of levered equity at the same discount rate that we use for unlevered equity. b. Under current market condition, Modigliani and Miller argued that the total value of a firm should not depend on its capital structure. c. Leverage increases the risk of the equity of a firm. d. Because the cash flows of the debt and equity sum to...
Which of the following is true of a secondary market? Select one: a. It is a...
Which of the following is true of a secondary market? Select one: a. It is a market in which short-term money market instruments such as Treasury bills are traded. b. It is a market for an unlisted company to raise equity capital. c. It is a market in which preowned securities are traded. d. It is a market where securities are issued through private placement
Which of the following is the largest number of shares? a) outstanding shares b) approved shares...
Which of the following is the largest number of shares? a) outstanding shares b) approved shares c) authorized shares d) issued shares The Statement of Income reflects the overall change in cash flows for an accounting period. a) True b) False Major differences between the income statement and the cash flow statement include all of the following except for a) the income statement measures cash position. b) the income statement captures mainly operating activities. c) the income statement does not...
Let's examine your ability to calculate stock shares issued and outstanding. Assume the following transactions during...
Let's examine your ability to calculate stock shares issued and outstanding. Assume the following transactions during the year (assume those transactions took place in numerical order: ) Issued 100,000 shares of stock 2) Authorized a 2 for 1 stock split 3) Bought back 30,000 shares of Treasury Stock 4) Issued a 15% stock dividend 5) Re-issued 10,000 shares of stock As of year end, how many shares are: 1) issued, 2) outstanding and 3) in Treasury stock
Way Inc. 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May...
Way Inc. 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. The weighted average shares outstanding for the year is? Please show step by step. THANK YOU!
1. Which of the following statements is NOT correct? Select one: a. Money market transactions are...
1. Which of the following statements is NOT correct? Select one: a. Money market transactions are seldom below $1 million. b. Money market securities have short-term maturities. c. Money markets are operated by dealers. d. Money markets securities are issued to finance long-term projects 2. Which of the following cannot manage the operations of the business? Select one: a. None of the options. b. A sole trader. c. A limited partner. d. A general partner. 3. The financial market where...
Which of the following statements is true regarding inventory cost flow assumptions? Select one: a. A...
Which of the following statements is true regarding inventory cost flow assumptions? Select one: a. A company may use more than one costing method concurrently. b. A company must comply with the method specified by industry standards. c. A company must use the same method for domestic and foreign operations. d. A company may never change its inventory costing method once it has chosen a method.
5. Common stock, $2 par value, 1,000,000 shares issued, 500,000 shares outstanding, 3,000,000 shares authorized. a....
5. Common stock, $2 par value, 1,000,000 shares issued, 500,000 shares outstanding, 3,000,000 shares authorized. a. Calculate the dollar amount that will be presented opposite this caption on the balance sheet. b. Calculate the total amount of a cash dividend of $0.50 per share. c. Calculate the number of shares of treasury stock.
Q.8 Multiple Choice During the year, Todd Corporation issued 200 shares of $20 par value common...
Q.8 Multiple Choice During the year, Todd Corporation issued 200 shares of $20 par value common stock for $50 a share. A total of 500 shares were authorized. In addition, the company purchased 75 shares of treasury stock at $44 a share. Which of the following best presents the related lines in the stockholders’ equity section of the company’s balance sheet? Multiple Choice A Common stock, $20 par value, 500 shares authorized, 200 shares issued, 425 outstanding $ 8,500 Paid...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT