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NEW QUESTION: 2
Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
How many rights does Bubba receive?
A. 0
B. 1
C. 2
D. 3
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Explanation:
Explanation/Reference:
Explanation: 200. In an issue of rights, there is always one right per share. Bubba owns 200 shares and thus receives the same number of rights.

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It would be appropriate for an internal audit activity to use consultants with expertise in health-care benefits when the internal audit activity is:
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III. Training its staff to conduct an audit of health care costs in a major division of the organization.
A. I and III only
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C. II and III only
D. I, II, and III.
Answer: D


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ACT-Math Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the ACT-Math Exam.

ACT-Math Exam Topics

Review the ACT-Math especially if you are on a recertification. Make sure you are still on the same page with what ACT wants from you.

ACT-Math Offcial Page

Review the official page for the ACT-Math Offcial if you haven’t done it already.
Check what resources you have available for studying.

Schedule the ACT-Math Exam

Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.