Homework Answers
As HOMEWORKLIB RULES's guidelines if no questions are asked specifically then only 1st question needs to be answered accordingly only 10th is answered, for rest specific another question to be asked.
10.
Outstanding number of share refers to the shares which are available in the market with the shareholders, this shares are the issued shares which had not been buy backed by the company.
Treasury stocks on the other hand are the stocks which have been reacquired ( buy back ) from the markets reducing the outstanding number of shares.
So in a nutshell, when the additional shares are issued the number of outstanding shares increased whereas when treasury stocks are reacquired it reduces the outstanding number of shares.
Here in the given case, the company Heavens Ltd has 415,000 Common stock outstanding, and during the year additional 24,000 shares have been issued and 2900 shares have been reacquired as treasury stocks.
So closing outstanding number of shares = Opening number of shares + Shares issued during the year - Shares reacquired as treasury stocks.
Closing outstanding number of shares = 415,000 + 24,000 - 2900.
Closing outstanding number of shares = 436,100.
Thus the correct Option is-------------C i.e 436,100.
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