If Grant Corporation has 120,000 shares of common stock authorized,75,000 shares of common stock issued,and holds 3,000 shares of common stock as treasury stock,the total number of outstanding shares of Grant Corporation amounts to

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Quizplus · Accepted Answer

Outstanding shares are calculated by subtracting treasury stock from issued shares. Therefore, 75,000 issued shares - 3,000 treasury shares = 72,000 outstanding shares.

If Grant Corporation Has 120,000 Shares of Common Stock Authorized,75,000