Question

Lox, stock and bagel, inc. issued 50,000 shares of the 100,000 authorized. it has since repurchased 5,000 of its shares. the number of shares outstanding equals shares. multiple choice question.

a. 55,000
b. 105,000
c. 95,000
d. 45,000
e. 50,000

Answer 1

The number of shares outstanding for Lox, Stock and Bagel, Inc. is 45,000 shares after subtracting the repurchased 5,000 shares from the initially issued 50,000 shares. Therefore correct option is D

Step-by-step explanation:

The question revolves around the concept of shares outstanding, which is a crucial term in the corporate finance and stock market field. Lox, Stock and Bagel, Inc. initially issued 50,000 shares out of 100,000 authorized and has repurchased 5,000 of its shares. To calculate the number of shares currently outstanding, you subtract the repurchased shares from the issued shares. Hence, 50,000 issued shares minus 5,000 repurchased shares equal 45,000 shares outstanding. The correct answer to the multiple-choice question is D. 45,000.