Author Question: In order to implement a batch sequence check transactions must be captured on documents that are ... (Read 209 times)

james9437 · **on:** Jul 5, 2018

In order to implement a batch sequence check transactions must be captured on documents that are randomly numbered.
Indicate whether the statement is true or false

Question 2

Verst Corporation's state charter allows the corporation to issue 500,000 shares of 1 par value common stock. It has sold 305,000 shares of common stock to the public and it currently holds 5,000 shares of treasury stock.

1. How many shares are authorized?
2. How many shares are issued?
3. How many shares are outstanding?

cpetit11 · **Reply #1 on:** Jul 5, 2018

Answer to Question 1

F

Answer to Question 2

1. authorized = 500,000 shares
2. issued = 305,000 shares
3. outstanding = 305,000 5,000 = 300,000 shares