Question

In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,600,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 35,949,592 shares had been issued and the number of shares in treasury stock was 7,331.269. During the year, 566,765 additional shares were issued, and the number of treasury shares increased by 3,114,188

Determine the number of shares outstanding at the end of the year.

Answer 1

See

Step-by-step explanation:

Fourthwall Inc.

Number of shares outstanding at the end of the year

Issued shares (35,949,952 + 566,765)

36,516,717

Treasury stock (7,331.269 + 3,114,188)

3,121,519.269

Share outstanding

33,395,197.73