The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume...
The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 59,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding?
Homework Answers
Ans:
The number of shares outstanding =
= Shares Issued - Shares Reacquired
= 59,000 Shares -13,700 Shares
= 45,300 Shares
correct answer is 45,300 Shares
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