The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume...

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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume...

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

a. 25,000

b. 35,000

c. 70,000

d. 30,000

business accounting

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Answer 1

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Answer #1

$\left.\begin{array}{l}\text { Number of shares } \\ \text { outstanding }\end{array}\right\}=$ Shares issued - Shares reacquired $=30,000-5,000$

$=25,000$ shares

Number of shares outstanding is 25,000 shares.

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Answer 2

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