If a corporation has 100,000 shares authorized, 75,000 shares of which have been issued, and 5,000...
If a corporation has 100,000 shares authorized, 75,000 shares of which have been issued, and 5,000 shares of which are in treasury from repurchase, how many shares are considered to be issued and outstanding?
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Statement showing computation:
Issued share= 75000
Treasury stock= 5000
Issued and outstanding shares= issues shares-treasury stock
Issued and outstanding shares= 75000-5000= 70000
Issued and outstanding shares= 70000
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