Question

The charter of a corporation provides for the issuance of 102,000 shares of common stock. Assume that 57,000 shares were originally issued and 13,400 were subsequently reacquired. What is the number of shares outstanding

Answer 1

43,600 shares

Step-by-step explanation:

Given that,

shares of common stock issued = 102,000 shares

Shares were originally issued = 57,000

Shares reacquired = 13,400

Number of shares outstanding:

= Total number of shares issued - Shares reacquired

= 57,000 shares - 13,400 shares

= 43,600

Therefore, the number of shares outstanding for this corporation is 43,600.