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Login- Moraine VallStudents Home Search Textbook Sol, ' https//canvas.morainevalley.edu/courses/14071/quizzes/54497/take Question 1 0.5 pts If the Tag Corporation has 150,000 shares of common stock authorized, 50,000 shares of common stock issued, and holds 10,000 shares of common stock as treasury stock, the total number of outstanding shares of Tag Corporation amounts to O 200,000 shares O 60,000 shares O 40,000 shares O 190,000 shares 0.5 pts D Question 2 Who has the authority to declare a cash dividend?

Explanation / Answer

Outstanding shares = Shares issue - Shares held in treasury

= 50000 - 10000

= 40000

Correct choice : C

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