Question

Bloom Corporation issued​ 60,000 shares of common stock. Bloom purchased​ 9,000 shares and later reissued 900 shares. How many shares are issued and​ outstanding? A. ​60,000 issued and​ 51,900 outstanding B. ​51,900 issued and​ 51,900 outstanding C. ​60,000 issued and​ 51,000 outstanding D. ​51,000 issued and​ 51,000 outstanding

Answer 1

A. ​60,000 issued and​ 51,900 outstanding

Step-by-step explanation:

Bloom Corporation

Issued​ 60,000 shares of common stock -purchased​ 9,000 shares

=51,000 shares

Hence:

51,000 shares + Reissued 900 shares

=51,900 Outstanding

Therefore Bloom Corporation will issued​

60,000 issued and​ 51,900 outstanding