Question

The following data were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury shares 3,000 ​ The number of outstanding shares is:

Answer 1

Answer:

12,000

Explanation:

The following data was reported for an organisation

Authorized shares is 20,000

Issued shares is 15,000

Treasury shares is 3,000

Therefore, the number of outstanding shares can be calculated as follows

Number of outstanding shares= Issued stock-Treasury stock

= 15,000-3,000

= 12,000

Hence the number of outstanding shares is 12,000