The charter of a corporation provides for the issuance of 100,000 shares of common stock.Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired.What is the number of shares outstanding?

Question

Quizplus · Accepted Answer

The number of shares outstanding is the total number of shares issued minus the number of shares that have been repurchased. Therefore, the number of shares outstanding is 40,000 - 5,000 = 35,000.

The Charter of a Corporation Provides for the Issuance of 100,000