The result of positioning is the successful creation of an employee-focused value proposition

When planning the audit related to debt obligations, the auditor should not have expectations as to the nature and magnitude of any account balance changes because they might bias the outcome of the audit

a. True b. False Indicate whether the statement is true or false

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 20,000 shares were originally issued and 2,500 were subsequently reacquired. What is the number of shares outstanding?

a. 20,000 b. 22,500 c. 82,500 d. 17,500