• Home /
  • solutions /
  • Math /
  • The following data were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury…

Question

The following data were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury…

The following data were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury…

NewBlackStudio Ai Solution

100% (3 rated)

Answer

The correct answer is: $12000$

Explanation

Outstanding shares equal the number of issued shares minus treasury shares (shares the company has reacquired). Here the company issued 15,000 shares and holds 3,000 as treasury, so those 3,000 are not outstanding.

Steps:

  1. Formula: $$\text{Outstanding shares}=\text{Issued shares}-\text{Treasury shares}$$
  2. Substitute: $$=15000-3000$$
  3. Final: $$=12000$$

Therefore, the number of outstanding shares is $12000$.