Question

The following data were reported by a corporation: Authorized shares 29,000 Issued shares 24,000 Treasury shares 8,000 The number of outstanding shares is:

Answer 1

16,000 shares

Step-by-step explanation:

The computation of the number of outstanding shares is shown below:

As we know that

Number of outstanding shares = Issued shares - Treasury shares

where,

Issued shares is 24,000

And, the treasury shares is 8,000

So, the number of outstanding shares is

= 24,000 - 8,000

= 16,000

We simply applied the above formula so that the number of outstanding shares could come