LLS6e Ch 11 MC Quizzes

LLS6e Ch 11 MC Quizzes - Libby/Libby/Short6e 1 AnswerD A B...

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Libby/Libby/Short 6e Chapter 11 Multiple-Choice Quizzes 1 Which of the following is a benefit of the corporate form of business? A) raising large amounts of capital is easier  B) ownership interests are easily transferred C) limited liability of the owners (stockholders) D) all of the above   Answer D 2 A corporation's charter permits the corporation to issue 100,000 shares of $0.01 par value common stock. The  corporation sold 50,000 shares and, later, reacquired 1,000 shares to hold as treasury stock. What is the  number of shares outstanding? A) 100,000 B) 50,000 C) 51,000 D) 49,000 Answer D 3 Consider the following: Beginning number of outstanding shares of  common stock 1,100,000 Net income $1,500,000 Ending number of outstanding shares of common  stock 1,300,000 Number of shares of treasury stock 200,000 What is the earnings per share? A)
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LLS6e Ch 11 MC Quizzes - Libby/Libby/Short6e 1 AnswerD A B...

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