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Bring a photo ID to the testing center, and we guarantee you'll make it past the velvet rope. (Plus, you've already paid the ridiculous cover.)
  • To answer these questions, refer to the following information:

    A company has 4 million shares authorized. It initially issued 3 million and then repurchased 500,000.

    • 1.

      How many shares does the company have outstanding?

    • 2.

      What if instead the company retired the 500,000 repurchased shares. How many shares are outstanding?

    • 3.

      If the company retired the repurchased stock, how many shares are authorized?