The statement of financial position of Warner Company showed the following data about its common shares: authorized shares, 100,000; outstanding shares, 55,000; and issued shares 60,000. What was the number of treasury shares?

Name: The statement of financial position of Warner Company showed the following data about its common shares: authorized shares, 100,000; outstanding shares, 55,000; and issued shares 60,000. What was the number of treasury shares?
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Question

Quizplus · Accepted Answer

Calculation: 60,000 - 55,000 = 5,000.

The Statement of Financial Position of Warner Company Showed the Following