On 1/1/2019, Hedex, Inc. has 2,500,000 shares of Common Stock authorized, 820,000 shares of Common Stock...
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On 1/1/2019, Hedex, Inc. has 2,500,000 shares of Common Stock authorized, 820,000 shares of Common Stock issued and 790,000 shares of Common Stock outstanding. During 2019, the company issued another 25,000 shares and reacquired 6,000 of its own shares as Treasury Stock. As of 12/31/2019, what is the number of shares of the company’s Common Stock that would be outstanding?
a. 2,500,000.
b. 809,000.
c. 790,000.
d. 2,519,000.
e. 849,000.
Homework Answers
| Outstanding shares = beginning outstanding + newly issued - treasury stock purchased | |||||
| =790000+25000-6000 | |||||
| =809000 shares | |||||
| Corect Option : b.809000 | |||||
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On 1/1/2019, Hedex, Inc. has 2,500,000 shares of Common Stock
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