Total stockholders' equity includes $50,000 of common stock with a stated value of $0.50, and 5,000 shares of treasury stock with a total cost of $25,000. How many total shares are outstanding?

Question

Quizplus · Accepted Answer

The total shares issued are $50,000 / $0.50 = 100,000 shares. Subtract the 5,000 treasury shares to find the outstanding shares: 100,000 - 5,000 = 95,000 shares.

Total Stockholders' Equity Includes $50,000 of Common Stock with a Stated