Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock....
Calculator The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 10.000 were subsequently reacquired.
What is the number of shares outstanding?
Homework Answers
Answer is 30,000
Number of shares originally issued = 40,000
Number of shares reacquired = 10,000
Number of shares outstanding = Number of shares originally
issued - Number of shares reacquired
Number of shares outstanding = 40,000 - 10,000
Number of shares outstanding = 30,000
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