Montana Company was authorized to issue 80,000 shares of common stock. The company had issued 27,000 shares of stock when it purchased 4,000 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? a. 76,000
b. 31,000
c. 27,000
d. 23,000

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.