The chi-square distribution approaches the normal distribution as the degrees of freedom becomes larger

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

According to the RMBCA, only corporations with 50 or fewer shareholders may elect statutory close corporation status

Indicate whether the statement is true or false