Shares Authorized, Issued, and Outstanding Video Lessons

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Problem: A corporation's charter permits the corporation to issue 100,000 shares of $0.01 par value common stock. The corporation sold 50,000 shares and, later, reacquired 1,000 shares to hold as treasury stock. What is the number of shares outstanding? A) 100,000 B) 50,000 C) 51,000 D) 49,000

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A corporation's charter permits the corporation to issue 100,000 shares of $0.01 par value common stock. The corporation sold 50,000 shares and, later, reacquired 1,000 shares to hold as treasury stock. What is the number of shares outstanding?

A) 100,000

B) 50,000

C) 51,000

D) 49,000

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