Hawks,Inc.has 60,000 shares authorized,43,000 issued,and 12,000 shares of treasury stock.________ shares are outstanding,and ________ shares are unissued.

Question

Quizplus · Accepted Answer

The number of outstanding shares can be calculated by subtracting treasury stock from issued shares:

Outstanding shares = Issued shares - Treasury stock
Outstanding shares = 43,000 - 12,000
Outstanding shares = 31,000

To calculate the number of unissued shares, we subtract the outstanding shares from the authorized shares:

Unissued shares = Authorized shares - Outstanding shares
Unissued shares = 60,000 - 31,000
Unissued shares = 29,000

Therefore, the correct answer is A, with 31,000 shares outstanding and 29,000 shares unissued.

Hawks,IncHas 60,000 Shares Authorized,43,000 Issued,and 12,000 Shares of Treasury Stock