National Corp.has 100,000 shares authorized,70,000 shares issued and 5,000 shares of treasury stock.How many shares does National Corp.have outstanding?
A) 5,000
B) 65,000
C) 75,000
D) 95,000

Name: National Corp.has 100,000 shares authorized,70,000 shares issued and 5,000 shares of treasury stock.How many shares does National Corp.have outstanding? A) 5,000 B) 65,000 C) 75,000 D) 95,000
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Quizplus · Accepted Answer

Outstanding shares = issued shares - treasury shares 
= 70,000 - 5,000 
= 65,000