Question

"A corporation has issued 20,000,000 shares of common stock at $2 par. The corporation has 5,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:"

Answer 1

Answer:Aggregate value of the outstanding shares = $30,000,000.

Step-by-step explanation:

issued stock = 20,000,000 shares

Treasury Stock = 5,000,000 shares

Outstanding stock = Issued stock -Treasury stock

20,000,000 shares - 5,000,000 shares = 15,000,000 shares

Aggregate value of the outstanding shares=shares outstanding X par value

= 15,000,000 shares x $2= $30,000,000.