Cartier, Inc's corporate charter allows it to sell 1 million shares of 0.50 par value common stock. As of December 31, 2011, the company had sold 500,000 shares for 4 each. Cartier has 20,000 shares of treasury stock that cost 100,000.
On the December 31, 2011 balance sheet, the number of shares authorized is ________ shares.
A) 1,000,000
B) 500,000
C) 480,000
D) 400,000
Question 2
______________________________ is a policy of requiring an employee to take leave from the job and substituting another employee in his or her place.
Fill in the blank(s) with correct word
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Introduction to Corporate Finance, 5th