Besslin Industries was incorporated on January 1, 2012. Its corporate charter provided for a maximum of 1,000,000 shares of common stock to be sold in the future of the corporation. Besslin sold 25,000 shares to the public in January and an additional 15,000 shares were sold in October. In November, 15,000 of the issued shares were bought back by the corporation. Complete the table below regarding the determination of share quantities for Besslin at the end of 2012.
$\begin{array}{ll}
& \text { Quntities: } \
\text { Authorized shares } & \
\text { Issued shares } &\
\text { Outstanding shares } & \
\text { Treasuy shares } & \
\end{array}$

Question

Besslin Industries was incorporated on January 1, 2012. Its corporate charter provided for a maximum of 1,000,000 shares of common stock to be sold in the future of the corporation. Besslin sold 25,000 shares to the public in January and an additional 15,000 shares were sold in October. In November, 15,000 of the issued shares were bought back by the corporation. Complete the table below regarding the determination of share quantities for Besslin at the end of 2012.
 $\begin{array}{ll}
 & \text { Quntities: } \
\text { Authorized shares } & \
\text { Issued shares } &\
\text { Outstanding shares } & \
\text { Treasuy shares } &  \
\end{array}$

Quizplus · Accepted Answer

The Answer of Besslin Industries was incorporated on January 1, 2012. Its corporate charter provided for a maximum of 1,000,000 shares of common stock to be sold in the future of the corporation. Besslin sold 25,000 shares to the public in January and an additional 15,000 shares were sold in October. In November, 15,000 of the issued shares were bought back by the corporation. Complete the table below regarding the determination of share quantities for Besslin at the end of 2012.
 $\begin{array}{ll}
 & \text { Quntities: } \
\text { Authorized shares } & \
\text { Issued shares } &\
\text { Outstanding shares } & \
\text { Treasuy shares } &  \
\end{array}$

Besslin Industries Was Incorporated on January 1, 2012