Verst Corporation's state charter allows the corporation to issue 500,000 shares of $1 par value common stock.It has sold 305,000 shares of common stock to the public and it currently holds 5,000 shares of treasury stock.
1.How many shares are authorized?
2.How many shares are issued?
3.How many shares are outstanding?

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The Answer of Verst Corporation's state charter allows the corporation to issue 500,000 shares of $1 par value common stock.It has sold 305,000 shares of common stock to the public and it currently holds 5,000 shares of treasury stock.
1.How many shares are authorized?
2.How many shares are issued?
3.How many shares are outstanding?

Verst Corporation's State Charter Allows the Corporation to Issue 500,000