Sock Market's corporate charter allows it to issue 1,000,000 shares of common stock. In its first year of business, Sock Market sold 800,000 shares of common stock in January, Year 1. Sock Market bought back 8,000 shares of its stock during December, Year 1. At December 31, Year 1, how many shares of common stock are outstanding?
a. 792000
b. 800000
c. 752000
d. 776000
Answer: a. 792000
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A company has $120,000 in current assets; $600,000 in total assets; $90,000 in current liabilities, and $140,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimals.)
A) 1.33 B) 1.71 C) 1.75 D) 0.86
Window Concepts has introduced a new line of windows that offer the same benefits as solar panels in reducing heating and cooling costs in homes
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