Dali Company has 15,000 shares of stock authorized at January 1.Dali issues 4,500 shares to the stockholders during the year and then the company repurchases 1,500 shares as treasury stock.Based on this information,how many shares are outstanding at December 31?

Question

Quizplus · Accepted Answer

- The company issued 4,500 shares to stockholders during the year, so that brings the total number of shares outstanding to 4,500.
- The company then repurchased 1,500 shares as treasury stock, which means those shares are no longer considered outstanding.
- The remaining shares that are outstanding would be the initial authorized shares minus the shares issued and repurchased: 15,000 - 4,500 - 1,500 = 9,000. 
- Therefore, the total number of shares outstanding at December 31 would be 4,500 + 9,000 = 13,500. 
- However, none of the answer choices match this result, so the closest answer is B, which indicates a total of 18,000 shares.

Dali Company Has 15,000 Shares of Stock Authorized at January