Question

The following data were reported by a corporation: Authorized shares 38,000 Issued shares 33,000 Treasury shares 12,500 The number of outstanding shares is:

Answer 1

20,500 shares

Step-by-step explanation:

Authorized shares= 38,000

Issued shares= 33,000

Treasury shares= 12,500

Therefore, the number of outstanding shares can be calculated as follows

Outstanding shares= Issued shares-Treasury shares

= 33,000-12,500

=20,500

Hence the number of outstanding shares is 20,500