Haney Corporation is authorized to sell 50,000 shares of stock.
Over the years, it has sold 2,000 to the public. In 2010, it
repurchased 500. Which of the following correctly shows the number
of shares of stock Haney has issued and are outstanding at the end
of 2010?
Issued Outstanding
Group of answer choices
30,000 29,500
50,000 1,500
2,000 1,500
2,000 2,000
50,000 49,500
Answer
---Shares outstanding = Shares issued - shares re purchased as treasury stock = 2000 - 500 = 1500 shares outstanding
--Correct Answer = Option #3
Shares issued = 2000
Shares outstanding = 1500
Haney Corporation is authorized to sell 50,000 shares of stock. Over the years, it has sold...