Author Question: The state charter of Vest Corporation allows the corporation to sell 500,000 shares. Vest has issued ... (Read 128 times)

lb_gilbert · **on:** Jul 5, 2018

The state charter of Vest Corporation allows the corporation to sell 500,000 shares. Vest has issued 425,000 shares of stock. There are 15,000 shares of treasury stock. The number of outstanding shares is ________ shares.

A) 15,000
B) 410,000
C) 425,000
D) 500,000

Question 2

Internal control does notconsist of policies and procedures that
a. protect assets from misuse
b. ensure employees and managers comply with laws and regulations
c. guarantee the company will earn a profit
d. ensure that business information is accurate