The following data were obtained from Me, Inc.
Authorized shares....... $20,000
Issued shares........... $15,000
Treasury stock shares... $ 3,000
The number of outstanding shares is:
A 12,000
B 17,000
C 18,000
D 23,000
Solution
Ans A- 12,000
.
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The following data were obtained from Me- Inc- Authorized shares------.docx
1. The following data were obtained from Me, Inc.
Authorized shares....... $20,000
Issued shares........... $15,000
Treasury stock shares... $ 3,000
The number of outstanding shares is:
A 12,000
B 17,000
C 18,000
D 23,000
Solution
Ans A- 12,000
Details
No of shares Outstanding Total Issued shares -Treasury shares
15000-3000
12,000.00