The instrument used to transfer title to personal property is the:

Z Best, Inc.'s, corporate charter allows it to issue a maximum of 1,000,000 shares of common stock. In its first year of business, the company sold 300,000 shares of common stock. During the year, the company bought back 7,000 shares to be held as treasury stock. The number of shares of common stock issued equals ______ shares.

A) 300000 B) 500,000 C) 480,000 D) 400,000

A primary benefit of reclassification of short-term debt into long-term debt is to improve ________

A) solvency ratios B) liquidity ratios C) cash flow D) profitability