A firm has 500 million authorized shares, 300 million issued shares, and 180 million shares outstanding. How many shares does the firm hold in treasury?

Question

Quizplus · Accepted Answer

Treasury shares are the shares that were issued and then repurchased by the company. The difference between issued shares (300 million) and outstanding shares (180 million) gives the number of treasury shares, which is 120 million.

A Firm Has 500 Million Authorized Shares, 300 Million Issued